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
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Ghana’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
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The 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
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The 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.
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Former 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
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Food 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
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To 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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