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Africa

Inflation in Nigeria is still climbing while it has slowed globally: here’s why

  By Stephen Onyeiwu, Allegheny College   Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of the same year. The World Bank estimated […]

todayMarch 14, 2024 6

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