Nigeria is bracing for one of its worst hunger crises, with more than 30 million people expected to be food insecure next year. This represents a one-third increase from this year, driven by economic hardship, according to a joint report by the Nigerian government and the United Nations released on Friday. The report highlights the Read More…
Tag: naira devaluation
NNPC posts 28% profit surge amid operational challenges; MTN grapples with Naira devaluation
Nigeria’s state oil giant, NNPC, reported a remarkable 28% increase in its annual net profit, reaching a total of 3.297 trillion naira ($2.14 billion) for the year. The company also declared a dividend of 2.1 trillion naira, marking a significant financial milestone despite ongoing challenges in the operational and economic landscape. “Despite the inherent challenges Read More…