Nigeria’s poverty population has risen by 5 million in 2022, the World Bank’s Chief economist, Alex Sienaert, has revealed, blaming rise in inflation rate which has reduced the value of minimum wage
MoreGhana’s currency, cedi, has been rated the worst performing currency in the world, as the legal tender continues to suffer depreciation in value against the United States dollar in 2022. In the
MoreThe cost of living in Nigeria skyrocketed last month when food inflation hit its highest rate in almost 17 years in August, after rising to 23.12%, with Nigeria’s inflation rate surging to
MoreThe Office for National Statistics in the United Kingdom revealed that UK inflation rate hit 10.1% in July, the same month Nigeria recorded 19.64% rate, with food prices rising in both countries.
MoreFormer Nigerian Senator, Ben Murray-Bruce, has stated that some people need to be held responsible for Nigeria’s declining economy. The ex-bayelsa lawmaker said this following significant rise in cost of living. What
MoreFood prices in Nigeria skyrocketed by 5.6% in June, as Nigeria’s inflation soared to 18.6%, the highest level in five years, reflecting the government’s inability to curb rising cost of living in
MoreTo be clear, cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost-of-living index. Cost
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