Business Insider/ Nigeria is finally going to do the painful thing everyone said it has to do. The central bank announced on Wednesday that the naira peg will be abandoned on Monday, June 20, and 25
Business Insider – Africa’s largest economy is failing to keep inflation under control. Nigeria’s inflation accelerated to 15.6% in May, up from 13.7% in the previous month, according to the National Bureau of Statistics. That’s 25
Nigeria’s economic crisis is getting worse. On Friday, the Nigerian Bureau of Statistics revealed that the economy shrank by 0.4% in the first quarter year-over-year — which was way worse than expected. Economists were expecting the country 25
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