Nigerian Breweries reports N703bn revenue in Q3 2024, up 75%
Nigerian Breweries Plc posted a revenue of N703 billion for the third quarter of 2024, marking a 75% growth compared ...
Tag: Naira devaluation
NBS – Diesel prices fall 5.71% in July, up 73.63% year-on-year
The average retail price of Automotive Gas Oil (Diesel) decreased by 5.71%, falling from N1462.98 in June 2024 to N1379.48 ...
Investors pour millions into Ethereum ETFs amid market turmoil
On Monday, investors funneled millions into U.S. spot Ethereum ETFs despite a volatile global market experiencing widespread sell-offs and recession ...
Nigeria’s Economic Ambitions: Path to a Trillion-Dollar Economy
President Bola Tinubu, adorned in traditional attire, delivered a bold proclamation during the 29th Nigeria Economic Summit, stating that Nigeria's ...
NBS: Nigeria’s Inflation Surges to 33.20% in March 2024
The latest figures released by the National Bureau of Statistics (NBS) reveal a significant surge in Nigeria's headline inflation rate, ...
First Bank Holding Plc Eyes N300 Billion Capital Raise
First Bank Holding Plc, a prominent player in Nigeria's banking sector, is set to embark on a significant capital raising ...
Nestlé Nigeria: 22.4% Sales Surge Despite N79.5bn PAT Loss
Nestlé Nigeria PLC has announced a significant increase in sales, reaching N547.1 billion for the 2023 financial year, marking a ...
FG: Naira Stabilizing, Crackdown on Currency Saboteurs Ahead
In a recent development, the Federal Government has emphasized the positive outcomes of ongoing reforms in the foreign exchange market, ...
Naira Depreciation: A 37.6% Drop Sparks Concerns in January 2024
In a startling economic development, the Nigerian Naira experienced a significant 37.6% depreciation against the US Dollar, concluding the month ...
Naira Valuation Underestimated – Cardoso
In a recent development, the Governor of the Central Bank, Yemi Cardoso, has asserted that the current valuation of the ...
