Tag: Naira depreciation

Drug prices are set to remain high in 2024 as import prices of pharmaceutical products may hit over N900bn due to the depreciation of the naira. This is set to ...

Some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria and Nestle lost the sum of N472.3bn to naira depreciation during the first nine months of 2023, according to a ...

Insurance companies in Nigeria transferred 63.4 per cent of the businesses they generated in the second quarter of 2023, Q2’23, to their foreign counterparts. The volume of the transfers breaches ...

The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. Within the seven years under review, the naira ...