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. The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages.
Nigeria s currency hits historic low amid soaring inflation; what led to the crisis?
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How Nigeria s naira fell to record low amid conflict and instability
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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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