The currency of Nigeria, which has recently appreciated, impacting IHS Towers' profitability.
Airtel Africa defies devaluations, posts $328M profit in FY ’25
Airtel Africa reported a profit of $328 million for the full year ended March 31, 2025. The company experienced a slight revenue dip of 0.5% to $4.95 billion due to currency devaluations.
Nigeria Sues Binance for $79.5 Billion Over Economic Losses, Taxes
Nigeria has filed a lawsuit against Binance for $79.5 billion in economic losses. The lawsuit includes a demand for $2 billion in back taxes from Binance.
How Nigerian Startups Navigate the Currency Turmoil
The Nigerian naira, Angola’s kwanza, and Malawi’s kwacha were among the five poorest performing currencies globally in 2023. Nigerian startups are adopting strategic approaches to cope with the currency crisis, including adapting expenses to local contexts, focusing on markets with lower foreign exc
