Published 5 months ago

Nigeria’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.

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The Hindu

How Nigeria's naira fell to record low amid conflict and instability

The situation is at its worst in conflict zones in northern Nigeria, where farming communities are no longer able to cultivate what they eat as they are forced to flee violence.

5 months ago·India

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The Independent

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigerians are facing one of the West African nation’s worst economic crises in years

5 months ago·London, United Kingdom

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abc News

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigerians are facing one of the West African nation’s worst economic crises in years

5 months ago·United States

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KRDO

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%…

5 months ago·Colorado Springs, United States

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KIFI

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

5 months ago·Idaho Falls, United States

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KVIA

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

5 months ago·Panama City, United States

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Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

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How Nigeria's naira fell to record low amid conflict and instability

How Nigeria's naira fell to record low amid conflict and instability

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

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