Tag: Naira Devaluation

Other key highlights of the full-year results include the total assets which stood at N472.5 billion, net fee and income ...

The food and agro-allied corporation incurred N137.5 billion in foreign exchange loss compared to N31.5 billion a year earlier after ...

Profit after tax fell to $2 million from $523 million.

The financial services group earned N334.4 billion in foreign exchange revaluation gain in the period under review

FUGAZ, Nigeria’s five biggest lenders so named after their initials, reaped N1.3 trillion in foreign exchange revaluation gains from their ...

Ecobank Nigeria is particularly susceptible on account of the elevated risk around the capital from its huge impaired loans that ...

Whenever a well-placed public officer who should know comes out openly to say the naira is overvalued, overrated, should find ...

The market capitalisation which opened at N13.365 trillion lost N656 billion or 4.91 per cent to close at N12.709 trillion, ...

Mr. Oshiomhole says the Nigerian worker had been trapped as a result of the actions of currency manipulators.

“Devaluation as a potent weapon for combating trade imbalances cannot be deployed as an economic policy..."

"There is no choice for the President between policy sycophancy and policy dictatorship/policy ambush."

NNPC says it has injected additional 688 million litres of petrol into the market

The workers also called for a reduction in price of petrol.

The naira was devalued and is now placed at N168 to one dollar.