Nigeria’s Economic Update Nigeria’s economic scene in 2024 continues to capture the attention of both local and global observers. Amidst a backdrop of challenges, including a persistent shortage of foreign currency liquidity that has seen the Naira experience significant fluctuations against major currencies, there emerges a narrative of resilience and strategic intervention. The exchange rate …
Nigeria’s Economic Update: Understanding the Present 📉 Unprecedented Inflation Rates: The inflation rate reached a record high of 29.9% in January 2024, indicating severe macroeconomic instability. #InflationAwareness 🌐 Historic Currency Depreciation: The Nigerian naira currency has depreciated significantly, reaching N1544 to $1 US dollar (official rate) and N1585 to $1 US dollar (Black Market rate) …
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Nigeria’s Economic Update: Understanding the Present 📉 Unprecedented Inflation Rates: The inflation rate reached a record high of 29.9% in January 2024, indicating severe macroeconomic instability. #InflationAwareness 🌐 Historic Currency Depreciation: The Nigerian naira currency has depreciated significantly, reaching N1544 to $1 US dollar (official rate) and N1585 to $1 US dollar (Black Market rate) …
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