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Inflation, currency volatility impact MTN Group revenue

The devaluation of the Nigerian naira against the US dollar was the strongest headwind faced by the business in 2023, says the telco. ....

Guinea , Zambia , South-africa , Ghana , Nigeria , Afghanistan , Central-african-republic , Bissau , Guinea-bissau , Uganda , Johannesburg , Gauteng

Young middle-class Nigerians are desperate to leave the country: insights into why

There’s more to ‘survival migration’ than an escape from poverty or war: even the middle class can feel they have to leave to survive. ....

Lagos , Nigeria , Ibadan , Oyo , Germany , China , Canada , United-kingdom , Nigerians , Nigerian , Bola-tinubu , African-polling-institute

FG Hints at New Strategy to Stabilise Naira, Address Forex Supply

A key member of President Bola Tinubu's administration, Ben Akabueze, has stated that Nigeria's economic stability hinges on foreign loans and investments. ....

Washington , United-states , Edun , Nigeria-general , Nigeria , Kashim-shettima , Ben-akabueze , Victor-enengedi , Bola-tinubu , International-monetary-fund-world-bank , Budget-office-of-the-federation , Development-assistance

Report: Naira Faces 2 New Threats As Dollar Value Rises in Official and Unofficial Markets

In recent days, the Naira has depreciated against the US dollar in the official markets after weeks of an unprecedented rally, causing concern among Nigerians. ....

United-kingdom , Nigeria , Lagos-state , Lagos , Nigerian , Kashim-shettima , Stanley-nkwocha , Dave-ibemere , Bloomberg , Nigerian-autonomous-foreign-exchange-market , Twitter , Goldman-sachs