Nestle Nigeria blames naira devaluation for negative net assets
Nestle Nigeria, a major food and beverage company, said its liabilities surpassed assets at the end of last year because
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naira devaluation
Nigerian Breweries Posts N57bn Loss, Blames Weaker Naira, Rate Hikes
Nigerian Breweries, one of the biggest brewers in the country, posted a net loss of N57.19 billion in the third
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Tinubu’s ‘Heavy Baggage’ Weighing on Investor Risk Appetite – FDC
President Bola Tinubu’s heavy baggage is weighing on business confidence and investor risk appetite, analysts at the Financial Derivatives Company
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Doubts raised over Nigeria’s commitment to policy shift
The Nigerian government is failing to shrug off its interventionist tendencies, months after a shift to orthodox economic policy, London-based
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Naira devaluation credit negative for Dangote Cement, Coca-Cola: Moody’s
The recent naira devaluation is credit negative for Nigeria’s nonfinancial companies with foreign currency-denominated debt and local naira cash flow,
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FX forward, futures contracts surge amid naira devaluation
The demand for foreign exchange forward and futures contracts surged this week as the naira saw a significant decline against
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Nigeria’s inflation seen hitting 30% on Tinubu’s reforms
The annual inflation rate in Nigeria is expected to surge to more than 30 percent in coming months following the
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Large naira devaluation, sharp rate hikes appear likely: Capital Economics
With the suspension of the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, a large devaluation of the
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Naira will weaken to 500 per dollar by Dec: Fitch
Naira is expected to weaken to 500 per dollar on the official market at the end of this year, BMI
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FX futures contracts surge, signal expectation of naira devaluation
As the Nigerian currency continued to wobble against the dollar, the demand for foreign exchange futures contracts soared more than
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