The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has reaffirmed its commitment to maintaining stability in the foreign exchange (FX) market by identifying and eliminating ...
Nigerian Breweries Plc recorded a notable 81% growth in revenue to ₦1.1 trillion in its audited financial records for the year ending December 31, 2024, from ₦599.6 billion in 2023. ...
Nigeria's imports of manufactured products increased dramatically to N5.4 trillion in the first quarter of 2024 (Q1'24) from N2.40 trillion in the same period in 2023 (Q1'23), a year-over-year (YoY) ...
The value of the Naira fell in the parallel market yesterday, from N1,510 to N1,515 per dollar on Monday. In a similar vein, the value of the Naira declined on ...
In 2023, Nigeria's largest conglomerate, the Dangote Group, witnessed a substantial rise in input costs, reaching a staggering N1.398 trillion across its three quoted companies on the Nigerian Exchange Limited. ...
Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of their ...
The value of the pension fund in dollar terms declined by 29 per cent to $14.39bn in January 2024 compared to $20.41bn in December 2023. According to the January unaudited ...
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics. A breakdown of the data showed that in ...
Nigeria’s external debt stock (debt owed to foreign entities) has increased by N28tn due to the devaluation of the Nigerian naira against the United States dollar, findings by The PUNCH reveal. According ...
The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in Nigeria, may lose about $200m to exchange rate depreciation. IATA ...
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