After N392.6bn Net Loss Induced By High-Interest Rate, Naira Crisis, MTN Push For…
Nigeria’s biggest telecoms provider, MTN Nigeria Plc is battling with the country’s harsh operating environment…
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Browsing Tag
naira devaluation
BUA Cement Suffers 49% Decline In Profit As Electricity Bills, Dollar Crisis Erode…
Despite the increase in price by cement manufacturers early in the first quarter of the year, BUA Cement Plc has…
Renaissance Capital Says Naira Undervalued By 30%
Renaissance Capital Africa has said that the Naira is currently under-valued by about 30 per cent.
The company…
Experts Kick Against 45% Uniform CRR For Banks, Hail CBN’s Decision On…
Economic experts on Friday commended the Central Bank of Nigeria's (CBN) new minimum capital requirements for…
To Avoid Repeat Of Losses Recorded In 2023, Nigerian Breweries Effects Another…
Nigerian Breweries Plc has fallen back on price increment to avert a repeat of the losses it made in 2023.
Last…
CBN Lacks Forex To Defend Naira, Says Economist Intelligence Unit
The Central Bank of Nigeria does not have the liquidity to defend the naira, which nearly depreciated to N1900 per…
Over 700 Manufacturers Shutdown Operations, 335 Became Distressed In 2023 -MAN
The Manufacturers Association of Nigeria (MAN) has urged President Bola Tinubu to stop the implementation of the…
NLC Suspends Protest, Extends Strike Ultimatum To March 13
The Nigeria Labour Congress (NLC) has called off the Wednesday February 28 2024 protest.
This is as organised…
Forex Crisis Forces DHL To Double Shipping Fee As Nigerian Subsidiary Battles High…
As part of efforts to continue to sustain its Nigerian operation, DHL Nigeria has increased charges for its…
Hit By N23.2bn Negative Equity, PZ Cussons Considers Selling Nigerian Assets,…
Hit by a negative net assets position of N23.2bn, PZ Cussons Nigeria Plc said it is under pressure to settle its…