The possible reversal of the deterioration in Nigeria’s fiscal and external position as a result of the government’s reform effort has spurred global rating agency, Moody’s...
Over N184.80 billion was lost to naira devaluation by the cement and sugar companies largely owned by Africa’s richest man, Aliko Dangote. The loss was recorded...
Airtel Africa, MTN Nigeria, BUA Cement and FBN Holdings are some of the stocks to watch this week due to their operational and stock market activities....
MTN Nigeria has reported that the naira devaluation also impeded the company’s financial growth in the second quarter of 2023. In a comment included in its...
The naira devaluation by the Central Bank of Nigeria (CBN) adversely affected the earnings of telecommunications company, Airtel Africa. Ripples Nigeria learnt that Airtel Africa recorded...
Despite losing his position as Africa’s richest person due to the naira devaluation, the chairman of the Dangote Group, Aliko Dangote, has praised the policies of...
Airtel Africa has said the devaluation of the naira will affect the revenue of the company in 2023, a statement released by the network provider on...
The naira devaluation by the Central Bank of Nigeria (CBN) has reduced the wealth of Africa’s richest man, Aliko Dangote and his countryman, Abdulsamad Rabiu, by...
Unilever Nigeria has concluded plans to exit the Home Care and Skin Cleansing market by selling its business segment. In a statement sent to Ripples Nigeria...
The widening gap between Naira and dollar has helped Nigeria’s five big banks rake in N159 billion additional profit in nine months. This is according to...
The naira will depreciate further in 2022 amid rising foreign reserves, according to international credit rating agency, Fitch Solutions, as it revises previous projections. Fitch had...
Vice President Yemi Osinbajo on Tuesday made a dramatic U-turn on his earlier position on the devaluation of Naira. Osinbajo had on Monday said the current...
As Nigerian businesses continue to readjust to the realities of post-COVID-19 pandemic, and government makes policies to support the adversely impacted economy, Airtel Africa’s earnings will...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Naira devaluation against other currencies around the world could weigh on loans sourced in foreign currencies and, in so doing, weaken the capital base of banks,...
The Central Bank of Nigeria (CBN) on Thursday dismissed reports on the impending devaluation of Naira, saying the speculation by unscrupulous players in the foreign exchange...
One of the Big Four consulting firms, PricewaterhouseCoopers (PwC), has in a recent report laid out the external debt-associated risk to the devaluation of the naira....
President Muhammadu Buhari has expressed displeasure over the recent veiled devaluation of the naira by the Central Bank of Nigeria (CBN). The President, who said he...
Blomberg…History is repeating itself in Nigeria, where the more President Muhammadu Buhari is urged to devalue the naira, the more he digs in his heels. Investors...
President Muhammadu Buahri on Friday said he was not interested in devaluing the naira because Nigeria did not benefit anything from such previous exercise. According to...
Africa’s richest man, Aliko Dangote, on Tuesday categorically rejected calls in some quarters for the devaluation of Nigerian currency, Naira. Dangote told shareholders at the annual...
The Nigeria Labour Congress, NLC, has called on Nigerians to ignore the call by the Emir of Kano, Muhammadu Sanusi II, asking the Federal Government to...
The Federal Government says it will compensate oil marketers with about N30 billion to make up for the losses they incurred as a result of naira...
