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Nigeria’s inflation rate for January 2024 rose to 29.90% from 28.92% recorded in the previous month according to the latest National Bureau of Statistics (NBS) inflation report. The increase shows that the inflation rate in the country is yet to slow down. The NBS report notes: “In January 2024, the headline inflation rate increased to
Peter Obi, the presidential candidate of the Labour Party has reeled out some of his views on how to tackle inflation in Nigeria. Below are his words “These are my views on the economy. Flutterwave, on its own, was recently valued at US$3 billion. We will create an enabling environment for our startups to thrive.
On Monday, Venezuelan President Nicolas Maduro issued a new currency to manage the country’s runaway inflation, which the IMF predicts will hit 1,000,000% this year. The Venezuelan bolivar has become near-worthless, following a severe economic downturn. To show the extent to which hyperinflation has gripped the country, Reuters photographer Carlos Garcia Rawlins created images of