In 2023, Nigeria’s largest conglomerate, the Dangote Group, witnessed a substantial rise in input costs, reaching a staggering …
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Naira depreciation
Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the …
The value of the pension fund in dollar terms declined by 29 per cent to $14.39bn in January …
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the …
Nigeria’s external debt stock (debt owed to foreign entities) has increased by N28tn due to the devaluation of …
The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines …
Drug prices are set to remain high in 2024 as import prices of pharmaceutical products may hit over …
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Cadbury, Guinness, others lost N472bn to naira depreciation – Report
by Ikenna NgereSome major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to …
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Naira depreciation forces insurance firms to breach local content law
by Ikenna NgereInsurance companies in Nigeria transferred 63.4 per cent of the businesses they generated in the second quarter of …
The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening …