Nigeria faces currency woes in wake of oil price plunge

in Nigeria many are feeling the pain as Africa's biggest oil producer struggles to adapt to the record lows of global oil prices and its naira currency is under devaluation pressureOnele Vincent and his colleagues are fed up with the rising cost of living. Vincent and the other hotel workers are far from alone voices in Nigeria, where many are feeling the pain as Africa’s biggest oil producer struggles to adapt to the record lows of global oil prices and its naira currency is under devaluation pressure. Africa’s leading economy is projected to have grown by 3.0 percent in 2015, its slowest pace in over a decade, according to an International Monetary Fund report in January.

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