Tue 15 Sep 2026
FTSE 100 10,669.06 -1.32%Microsoft 505.41 +1.14%NVIDIA 210.96 -8.42%Apple 333.08 +4.10%Google 345.71 +3.10%S&P 500 7,619.98 -1.28%Nasdaq 26,186.41 -1.21%Dow 52,421.20 -1.86%Russell 2000 2,892.24 -2.80%US 10Y Treasury 4.96% +3.23%Euro Stoxx 50 6,254.00 -0.91%DAX 25,433.46 -2.21%AEX-Index 1,095.32 -0.60%Nikkei 225 63,484.10 -2.55%Hang Seng 24,667.24 -2.57%Gold $4,324.80 -1.87%Silver $63.76 -0.82%Brent Crude Oil $100.99 -6.17%Natural Gas $2.90 +2.29%Copper $6.41 -0.90%GBP/USD 1.3484 -0.45%GBP/EUR 1.1679 +0.27%GBP/AUD 1.8920 +0.88%Bitcoin (USD) $76,884 -0.37%Ethereum (USD) $2,477 -1.48%FTSE 100 10,669.06 -1.32%Microsoft 505.41 +1.14%NVIDIA 210.96 -8.42%Apple 333.08 +4.10%Google 345.71 +3.10%S&P 500 7,619.98 -1.28%Nasdaq 26,186.41 -1.21%Dow 52,421.20 -1.86%Russell 2000 2,892.24 -2.80%US 10Y Treasury 4.96% +3.23%Euro Stoxx 50 6,254.00 -0.91%DAX 25,433.46 -2.21%AEX-Index 1,095.32 -0.60%Nikkei 225 63,484.10 -2.55%Hang Seng 24,667.24 -2.57%Gold $4,324.80 -1.87%Silver $63.76 -0.82%Brent Crude Oil $100.99 -6.17%Natural Gas $2.90 +2.29%Copper $6.41 -0.90%GBP/USD 1.3484 -0.45%GBP/EUR 1.1679 +0.27%GBP/AUD 1.8920 +0.88%Bitcoin (USD) $76,884 -0.37%Ethereum (USD) $2,477 -1.48%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 18°C Patchy rain nearbyBirmingham 18°C Patchy rain nearbyManchester 15°C Patchy rain nearbyNewcastle 14°C Patchy rain nearbyBristol 19°C SunnyPembroke 16°C SunnyEdinburgh 16°C Patchy rain nearbyBelfast 14°C CloudyInverness 12°C Light rain showerPenzance 16°C SunnyHolyhead 15°C SunnyNorwich 19°C Light rain shower
More Info

Eid Celebrations in Nigeria Hit by Economic Strain

Advertisement
Follow News in 60 on Facebook

As Eid approaches, many families in Nigeria are facing tough choices due to rising costs. The cost of transport and food has surged, forcing people to rethink their traditional celebrations. For instance, transport fares have more than doubled since earlier this year, making it unaffordable for many to travel home for the festivities.

Local businesses are also feeling the pinch. Fashion designers report a significant drop in customer orders, as rising fuel prices and electricity costs inflate their operating expenses. This economic strain is evident in markets, where fewer buyers are willing to purchase livestock for the Eid sacrifice, leading to unsold animals and financial losses for sellers.

Inflation has been a persistent issue in Nigeria, but the gap between stagnant incomes and rising prices is becoming increasingly pronounced. Families are cutting back on even basic festive foods, which were once staples during Eid celebrations. The joy of the holiday is overshadowed by financial calculations, as many now celebrate with whatever they can afford.

This shift in spending habits reflects a broader trend of economic hardship impacting cultural practices. As families adjust their celebrations, the long-term implications for community cohesion and cultural traditions could be significant, highlighting the need for economic relief measures to support those affected.

Source: Al Jazeera

Read more Money news →

Leave a comment

Your email address will not be published. Required fields are marked *