MTN says profit to drop as much as 90% due to naira decline Rhema Mar 1, 2024 MTN Group Ltd., Africa’s biggest wireless service provider by revenue, said full-year profit probably plunged as…
Nigeria clamps down on forex traders amid persistent naira… Rhema Feb 23, 2024 Nigeria rounded up foreign currency street traders and took aim at a popular crypto trading platform in its latest…
The economic illiteracy at the heart of ‘Tinubunomics’ Rhema Feb 20, 2024 Bola Tinubu, Nigeria’s self-regarding president, says he deserves an entry in the Guiness Book of World Records…
Naira loses 69% of its value against dollar since FX reforms Rhema Feb 20, 2024 The naira has depreciated against the US dollar by 69.47 percent under the current administration led by President…
Manufacturers’ exports jump 77% on weaker naira Rhema Feb 8, 2024 Three major manufacturers in the consumer goods industry have seen their export sales almost double within a year…
Nigeria orders banks to cut forex exposures as naira plunges Rhema Feb 1, 2024 The Central Bank of Nigeria ordered banks to limit their foreign exchange exposure to curb risks to the financial…
Nigeria’s naira slumps 23% to record low amid dollar… Rhema Dec 11, 2023 The Nigerian naira plunged to its lowest point on record in official trading as a shortage of US dollars persisted…
Nigeria’s trade surplus hits 5-yr high on weaker naira Rhema Dec 5, 2023 Nigeria’s trade surplus surged to the highest in five years and three months in the third quarter of this year…
52 taxes, unresolved N200bn USSD debt squeeze telcos Rhema Nov 20, 2023 The number of taxes and levies telecom operators in Nigeria are forced to pay to federal, state and local…
Naira official rate falls 26% as dollar supply drops… Rhema Nov 1, 2023 The naira weakened 26% against the dollar on the official market, touching its lowest closing price on record amid…
Nigeria plans new FX rules in hopes of Naira reaching ‘fair… Rhema Oct 31, 2023 Nigeria is planning to introduce new foreign exchange rules — including a crackdown on illegal currency trading —…