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Under-fire Nigerian naira hurts MTN Group earnings

MTN expects its full-year results to be negatively affected by the steep devaluation in the naira against the US dollar.

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Nigeria's inflation rate hits 24.08% in July – NBS | The Guardian Nigeria News - Nigeria and World News — Nigeria — The Guardian Nigeria News – Nigeria and World News

The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 24.08 per cent in July 2023. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for July , which was released in Abuja on Tuesday. According to the report, the figure is 1.29 per cent points higher compared […]

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Nigerian Supreme Court Suspends Banknote Transition Deadline Amid Naira Scarcity

Nigeria's Supreme Court has temporarily suspended the deadline for transition to new naira banknotes, media report. Acceptance of the old Naira notes was initially planned to end on 10 February.

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Nigeria's Central Bank Could Ease Monetary Policy, Report Says

Nigeria’s central bank could slow down the pace of interest-rate increases after the first inflation rate drop since November 2021, economists say, as cited by the media.

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