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Business

JUST IN: CBN Gives Nigerians Options To Convert Diaspora Remittances To Naira

The Central Bank of Nigeria has added naira and the eNaira as payment options for diaspora remittances.The CBN announced the policy on Wednesday in...

Business

Airtel Africa to suffer over $22m loss to naira devaluation

Airtel Africa has said the devaluation of the naira will affect the revenue of the company in 2023, a statement released by the network...

Business

Aliko Dangote praises Tinubu’s policies, despite losing Africa’s richest spot

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...

Business

Naira depreciation reduces Dangote, Abdulsamad’s wealth by $5.85bn

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...

Business

Unilever Nigeria puts up business for sale over naira devaluation

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...

Business

‘New Naira Note Can Last A Long Time’– CBN Faults Claims Of Decomposing Currency

Nigerian investors are losing a lot to the devaluation of the naira, but they must invest in dollar denominated assets to hedge against the...

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