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Tag: Nigeria

It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse. By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse. By the end of the year,...

El Salvador’s Bitcoin Triumph: Nation Profiting Millions While Others Sink

El Salvador has profited greatly from its investment in Bitcoin. Nigeria has detained two Binance executives and demanded a $10 billion penalty. Hong Kong has launched a regulatory sandbox for stablecoin issuers. These developments showcase the differing approaches governments are taking towards cryptocurrencies.

Nigeria’s Economic Nightmare: Currency Chaos and Looming Hunger Crisis

Nigeria's economy faces significant challenges with inflation at 29.9%, a plummeting currency, and high cost of living. Government reforms have led to surging inflation, despite social protection measures and efforts to boost production. Food insecurity affects 8% of the population, while the central bank raises interest rates to combat inflation. Private sector growth is slowing, and economic experts forecast modest growth in 2024. Addressing price pressures and insecurity remains crucial.

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