Devaluation

The year 2024 has been a significant one for both the financial industry and the Nigerian economy. From the push for recapitalisation to the continuous depreciation of the…
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Naira devaluation raised Nigeria’s external debt by about N30.03tn between 2023 and June 2024 when considered in naira terms, an…
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Nigeria’s total public debt stock surged by N12.6tn in three months to N134.3tn ($91.3bn) by the end of the second quarter of 2024, The…
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Africa’s richest man, Aliko Dangote, has lamented that the devaluation of naira, Nigeria’s currency was the biggest mess for his company in 2023. Dangote, the Chairman of the Dangote…
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