Tribune Online
Nigerians downtrading as inflation, naira depreciation, fuel price worsen cost of living
New findings reveal that Nigerians are increasingly turning to cheaper, often lower-quality goods and services, a practice known as “downtrading,” as the country grapples with rising inflation, a weakening currency and surging fuel prices. These economic challenges, according to analysts from Lagos-based Financial Derivatives Company (FDC), are exerting immense pressure on households, forcing millions to […]
Nigerians downtrading as inflation, naira depreciation, fuel price worsen cost of living
Tribune Online
