Tag: Naira depreciation

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Naira Falls Against Dollar in Official and Parallel Markets

The Nigerian naira slid against the U.S. dollar across both the official and parallel markets on Friday, July 4, 2025, ending a week of...

Firms Tweak Pricing Strategies to Curb Forex Losses and Balance Books

Amid continued foreign exchange (FX) volatility and high inflation, Nigerian companies are turning to strategic price adjustments, debt restructuring, and equity conversions to survive...

FG, States Pile Up N57tn Debt in 18 Months

Nigeria’s public debt profile has expanded significantly under the administration of President Bola Tinubu, with a staggering N57.3 trillion added within just 18 months,...

Naira Falls Against Dollar at Official Exchange Market

Nigeria’s local currency, the naira, further weakened against the United States dollar at the official foreign exchange (FX) market on Friday, closing at ₦1,602.18...

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