US EditionNigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
- Nigeria is experiencing a severe economic crisis due to inflation and monetary policies, leading to currency devaluation and protests.
- There is a significant rise in inflation to 29.9% in January, driven by food prices, and the currency has lost 230% of its value in a year.
- President Bola Tinubu has taken steps to address the economic challenges, including ending gas subsidies and releasing food items from government reserves.
14 Articles
14 Articles
Nigeria's currency has fallen to a record low as inflation surges. How did things get so bad?
ABUJA, Nigeria (AP) -- Nigerians are facing one of the West African nation's worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country.
Nigeria's currency has fallen to a record low as inflation surges. How did things get so bad?
ABUJA, Nigeria (AP) -- Nigerians are facing one of the West African nation's worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country.
Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Nigerians are facing one of the West African nation’s worst economic crises in years. It was triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country. The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%…
Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Nigerians are facing one of the West African nation’s worst economic crises in years. It was triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country. The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%…
Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Nigerians are facing one of the West African nation’s worst economic crises in years. It was triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country. The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%…
Winnipeg Free Press
Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
ABUJA, Nigeria (AP) — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed […]
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