Nigeria’s Looming Economic Storm: Devaluation, Inflation, and Public Anxiety

USD/NGN

Africa’s economic powerhouse, Nigeria, is navigating a tumultuous period characterized by a rapidly depreciating currency, rampant inflation, and simmering public discontent. A Precipitous Plunge and Eroding Public Faith: Since President Tinubu’s inauguration in May 2023, the Nigerian naira has depreciated by a staggering 70% against the US dollar. This devaluation fuels inflationary pressures on imported […]

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