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Published 2 months ago

Nigeria Grapples with Soaring Inflation, Plummeting Currency

Summary by Ground News
Nigeria's currency, the naira, further plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year. Latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996. The situation has provoked anger and protests across the country.

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