Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country.
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 Nigerian naira plummeted to an all-time low of N1,534.39 per dollar on Monday, accompanied by a staggering 64.69% drop in forex turnover to $89.61 million.
The Naira gained against the dollar on Monday, 5th February 2024 at the both official market and the black market.
 | BRVM-CI | 274.10 | -0.30% | 20/11 |
 | BSE DCI | 9,904.40 | +0.24% | 20/11 |
 | DSE ASI | 2,182.19 | -0.61% | 20/11 |
 | EGX 30 | 30,587.99 | -0.33% | 20/11 |
 | GSE-CI | 4,653.69 | - | 19/11 |
 | JSE ASI | 85,274.81 | +0.88% | 20/11 |
 | LuSE ASI | 15,849.03 | -0.12% | 20/11 |
 | MASI | 14,986.56 | +0.07% | 20/11 |
 | MSE ASI | 156,089.89 | +0.28% | 20/11 |
 | NGX ASI | 98,227.50 | +0.26% | 20/11 |
 | NSE ASI | 112.71 | -0.63% | 20/11 |
 | NSX OI | 1,842.05 | +1.55% | 20/11 |
 | RSE ASI | 146.48 | +0.27% | 20/11 |
 | SEM ASI | 2,133.31 | -0.78% | 20/11 |
 | TUNINDEX | 9,800.92 | +0.19% | 20/11 |
 | USE ASI | 1,183.13 | -0.14% | 20/11 |
 | ZSE ASI | 276.08 | +0.61% | 20/11 |
