Nestle Nigeria posts wider loss of N165bn on naira weakness
Nestle Nigeria, a major fast-moving consumer goods company, has reported an annual loss for the second time in 2024 largely
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naira devaluation
Nigerians’ appetite for foreign education tempered by pricier dollar
By Mary Adenike Nigerians’ appetite for foreign education has been dampened as the high cost of sourcing dollars pushed up
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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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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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