Inflation is perhaps the biggest poverty accelerator in the economy due to its weakening effect on people’s purchasing power.
Investors favoured Muhammadu Buhari’s opponent, Atiku Abubakar. So what are the Nigerian president’s economic priorities?
South Africa has claimed back its status of the largest economy in Africa, toppling Nigeria, due to the appreciation of the rand. What’s prompted the movement?
How countries manage their currencies is now more critical than ever. Nigeria has followed in the footsteps of South Africa by opting for a free-floating exchange rate regime.
Nigeria’s economy is indeed under severe strain but sub-Saharn Africa’s most populus nation won’t solve its economic problems via an emergency national confab.