Your Money Keeps Changing: Inflation, Interest Rates and the Naira

Your Money Keeps Changing: Inflation, Interest Rates and the Naira

You earn the same naira, but somehow it buys less. Your savings earn interest, but prices are still moving faster. Then the exchange rate changes and suddenly the cost of everyday things feels different again.


These things may seem like separate economic stories, but they are closely connected, and all affect what happens to your money.


In this episode, we break down inflation, interest rates and the exchange rate in simple terms and connect them to the decisions Nigerians make every day. What happens to your savings when inflation rises? When does a high interest rate work in your favour, and when does it make borrowing more expensive? And why should you care about the naira-dollar exchange rate even if you earn and spend only in naira?


We also look at how these forces interact and what they mean when you are deciding whether to save, borrow, spend or invest.

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