Skip to main content
New Year’s Sale — Build a balanced news diet with 40% off Vantage
Get Started
SubscribeLogin
Published • loading... • Updated

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.

1 Articles

VOA NewsVOA News
Center

Nigeria Grapples with Soaring Inflation, Plummeting Currency

ABUJA, Nigeria - Nigerians are facing one of the West African nation's worst economic crises in years triggered by surging inflation, the result of m

·United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

VOA News broke the news in United States on Sunday, February 18, 2024.
Too Big Arrow Icon
Sources are mostly out of (0)
Blindspot Title And Logo
Stories disproportionately reported by the Left or the Right

Similar News Topics

Inflation icon

Inflation

Abuja icon

Abuja

Business & Markets icon

Business & Markets

News
Feed Dots Icon
For You
Search Icon
SearchBlindspot LogoBlindspotLocal