Naira depreciation escalates manufactured goods imports 139% to N5.74trn
Nigeria's imports of manufactured products increased dramatically to N5.4 trillion in the first quarter of 2024 (Q1'24) from N2.40 trillion ...
Monday, November 25, 2024
Tag: Naira depreciation
Naira depreciates to N1,515/$ in parallel market
The value of the Naira fell in the parallel market yesterday, from N1,510 to N1,515 per dollar on Monday. In ...
Dangote Group’s Input Costs Surge to N1.398 Trillion Amid Inflation and Naira Depreciation
In 2023, Nigeria's largest conglomerate, the Dangote Group, witnessed a substantial rise in input costs, reaching a staggering N1.398 trillion ...
Dangote, MTN, others lose N1.7tn to naira depreciation
Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of ...
Pension funds fall by $6bn over naira depreciation
The value of the pension fund in dollar terms declined by 29 per cent to $14.39bn in January 2024 compared ...
Naira depreciation pushes Nigeria’s imports to N35tn
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau ...
Naira depreciation worsens Nigeria’s foreign debt woes
Nigeria’s external debt stock (debt owed to foreign entities) has increased by N28tn due to the devaluation of the Nigerian ...
Foreign airlines fear $200m loss over naira depreciation
The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in ...
Naira depreciation pushes drug imports to N900bn
Drug prices are set to remain high in 2024 as import prices of pharmaceutical products may hit over N900bn due ...
Cadbury, Guinness, others lost N472bn to naira depreciation – Report
Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation ...
