A familiar story: Currency devaluation, subsidy cuts worsen Nigeria cost of living crisis
A basket of tomatoes now costs 55,000 naira – about double the national minimum wage
Source: dunyanews.tv
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Labour intensifies pressure, gives FG 14 days to address hardship, hunger
The organised labour, following persistent hardship across the country, yesterday, issued the Federal Government 14 days ultimatum to honour its part of the October 2, 2023 agreement reached with labour to address the ‘massive suffering’ caused by the hike in petrol prices and naira devaluation.
Source: guardian.ng
Nigeria currency nosedives to as low as 1,531 per dollar
Record govt debt, high unemployment and power shortages are a challenge to Africa’s largest economy
Source: dunyanews.tv
No Be Curse; Naira Will Keep Falling Until... By Kunle Wizeman Ajayi
My first response to the press release by the Central Bank of Nigeria (CBN) announcing the lifting of the ban on 43 items, and the many overnight Economists saluting same was that the statement is another "jargons" like the ones displaced CBN Governor Godwin Emefiele used to write.
Source: saharareporters.com