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Hit By N23.2bn Negative Equity, PZ Cussons Considers Selling Nigerian Assets, Others

Hit by a negative net assets position of N23.2bn, PZ Cussons Nigeria Plc said it is under pressure to settle its debt to the...

Why Minimum Wage Should Be Reviewed Annually— NLC

The President of the Nigeria Labour Congress, Joe Ajaero has said that the national minimum wage should be reviewed annually to enable workers to...

No Plan To Convert $30bn Domiciliary Account Deposits To Naira— CBN

The Central Bank of Nigeria has denied reports that it planned to convert a $30bn domiciliary deposit to naira.This rebuttal is coming after reports...

Some Clowns Celebrating Naira Fall To N1500 – Vice President Shettima

Vice President Kashim Shettima has voiced his frustration at some Nigerians whom he said were celebrating the rapid fall of the nation’s currency, the...

Guinness Posts N5.2bn Loss In 2023 As CBN’s Naira Devaluation Leads To 256% Surge In Finance Cost

Guinness Nigeria Plc recorded a N5.23bn loss after tax in 2023 after its cost of borrowing from lenders to finance its activities and foreign...

Naira devaluation, subsidy removal excite Moody’s, upgrades Nigeria’s credit outlook to positive

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...

Borrowing Dollars To Defend Naira Will Not Solve Forex Crisis- Prof Uwaleke Calls For A ‘Buy Nigerian Law’

Professor of Finance and Capital Markets Studies, Uche Uwaleke, who is one of the leading expert on the Nigerian economy has expressed worry about...

Telecoms Firms Count Losses As Forex Crisis Cuts Profit By 50%

Nigeria’s biggest network service providers and the new entrant in the industry are experiencing major setbacks driven by inflation and the naira floating policy...

Naira Will Regain 45% Of Its Value Before December- FG

The Federal Government has said that it is putting several policies in place to make sure that the naira trades at a fair price.Taiwo...

Price Of Imported Goods To Soar As Naira Dops To N829 Per Dollar

The naira has extended its free fall against foreign currencies and the development is getting Nigerians worried.On Friday, results at the Investors’ and Exporters’...

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