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7 Ways to Protect Yourself from Inflation

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inflation-nigeria

By Ellie Richards

Recently, the entire world has been affected by the wave of inflation. From the United States to Australia, every part of the world has witnessed the ballooning inflation.

Whether it is a rise in the prices of daily commodities or an increase in property rates, the effects of inflation could be seen in every single sector.

While inflation affects the entire economy of a nation at a larger extent, its effects can also be observed in the daily lives of the common people.

As the prices of goods and services rise, the amount of money spent earlier to buy a specific quantity of a product would now not be enough to buy a similar quantity of the same product.

Thus, inflation increases the entire cost of living of the people in an economy. It also reduces the purchasing power of every unit of currency, eventually decreasing the value of a country’s currency.

Additionally, once there is an increase in the prices of goods and services, it is likely that the prices will either remain the same or increase further without much possibility of a reduction in the inflated prices.

Hence, it becomes extremely important for people to keep themselves prepared for any increase in prices. One of the common beliefs practised from years is a penny save is a penny earned. While this common belief cannot be implemented in today’s world, one needs to be ready to deal with the corrosive impact of growing prices on the economy.

To help you safeguard yourself from inflation, we have compiled a list of 7 ways to save and invest money to reap its benefits in the long run.

Invest in the Stock Market

While investing in the stock market can be a bit tricky, if done wisely, it can be a good way to fight inflation. As the prices in an economy rise, the corporations are likely to sell their goods at increased prices. This leads to a growth in the company’s revenues, its earnings and results in an upsurge of its stock prices. However, while investing in the stock market, ensure that you put money in companies which have the tendency to increase their prices naturally at the time of inflation. For example, companies which deal with commodities or products like grains, oil and metals enjoy the pricing power at the time inflation more than the manufacturers and distributors of electronics equipment.

Buy Precious Metals

Precious metals such as gold and silver can act as great assets to protect yourself from the growing inflation. With a decrease in the value of the dollar, there is an increase in the value of these precious metals. Also, there is a difference in the demand and supply of gold and silver. While silver has a limited supply and is mostly used by large companies across the world, gold is saved by people at household levels. Experts suggest, keeping a mix of both physical gold and silver on hand can be a great way to protect one from the growing inflation. However, before buying gold and silver, make sure that you buy it from verified dealers and avoid yourself from being scammed.

Invest in other currency

Economists of different countries generally compare the value of their currency with the American dollar to see if there is any appreciation or depreciation in their currency. The trends suggest that a decrease in the American currency results in an increase in the value of other currencies and vice versa. As investing in any currency can be risky for beginners, conduct an in-depth study of the currency trends before investing. Also, rather than investing in a single currency, try to diversify your investments in different currencies. Furthermore, to save yourself from getting duped, instead of buying paper currency, it is wise to keep physical currency in hand.

Buy a Property

Property is another great asset which can save you from inflation. Whether it is a house for yourself or a plot of land or a positive cashflow real estate, investing in the right property can be rewarding. For example, buying a house for yourself will save you from increased rents during inflation. Additionally, if you own land at a lower price, after inflation, you can get a good amount of money if you decide to sell it. Whereas, if you buy an additional real estate, renting it out will help you generate a passive income for the coming years.

Start a Side Business

In today’s world, depending on a single source to generate income is not sufficient. If you are working in a full-time job, you might have very little control over your monthly income. By starting a side business, you begin to build your asset that sees an increase and decrease in its value with the rise and fall of inflation. At the time of inflation, this side business can help you generate extra cash flow every month, which will cushion the consequences of inflation and will also give you the power to save some extra money.

Save Money at Better Paying Interest Rates

Whether there is inflation or not, saving physical cash is always a good idea. To get the most out of your savings, check out for saving schemes which come at highest paying interest rates. The rise in inflation will have no significant effect on your money and it will be safe in the banks. Additionally, the interest you will receive will make sure that your money keeps on increasing from time to time.

Control your Expenses

Although savings and investments are essential for staying safe from inflation, one of the most important factors which we neglect is controlling our expenses. So, if you have a habit of overindulging in shopping and buying things which are not needed, then think twice. Also, while applying for a loan for property or vehicle, do not forget to fix the rate of interest. This is one of the widely used hedging processes which will save you from paying increased interest rates as once the rate is fixed, you will no longer be subject to the growing expenses.

Ellie Richards is an online Marketing Manager for Original PhD, specialising in PhD thesis writing. She is passionate about researching and writing on various topics, including Education, Marketing, and Technology.    

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Chinamanda Ngozi Adichie Blames Medical Negligence for Son’s Death

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Chimamanda Ngozi Adichie

By Adedapo Adesanya

Renowned Nigerian author, Ms Chinamanda Ngozi Adichie, has alleged that medical negligence was responsible for the death of her 21-month-old child.

The child, Nkanu, reportedly passed away on Wednesday, January 7, 2026, after a brief illness.

More details have emerged detailing the circumstances surrounding his death.

According to a leaked internal message sent privately to family members and close friends, Ms Adichie blamed a staff of Euracare Multi-Specialist Hospital, located in Victoria Island, Lagos, for causing the demise of the lad.

“My son would be alive today if not for an incident at Euracare Hospital on January 6th.

“We were in Lagos for Christmas. Nkanu had what we first thought was just a cold, but soon turned into a very serious infection and he was admitted to Atlantis hospital.

“He was to travel to the US the next day, January 7th, accompanied by Travelling Doctors. A team at Johns Hopkins was waiting to receive him in Baltimore. The Hopkins team had asked for a lumbar puncture test and an MRI. The Nigerian team had also decided to put in a ‘central line’ (used to administer iv medications) in preparation for Nkanu’s flight. Atlantis hospital referred us to Euracare Hospital, which was said to be the best place to have the procedures done.

“The morning of the 6th, we left Atlantis hospital for Euracare, Nkanu carried in his father’s arms. We were told he would need to be sedated to prevent him from moving during the MRI and the ‘central line’ procedure.

“I was waiting just outside the theater. I saw people, including Dr M, rushing into the theater and immediately knew something had happened.

“A short time later, Dr M came out and told me Nkanu had been given too much propofol by the anesthesiologist, had become unresponsive and was quickly resuscitated. But suddenly Nkanu was on a ventilator, he was intubated and placed in the ICU. The next thing I heard was that he had seizures. Cardiac arrest. All these had never happened before. Some hours later, Nkanu was gone

“It turns out that Nkanu was NEVER monitored after being given too much propofol. The anesthesiologist had just casually carried Nkanu on his shoulder to the theater, so nobody knows when exactly Nkanu became unresponsive.

“How can you sedate a sick child and neglect to monitor him? Later, after the ‘central line’ procedure, the anesthesiologist casually switched off Nkanu’s oxygen and again decided to carry him on his shoulder to the ICU!

“The anesthesiologist was CRIMINALLY negligent. He was fatally casual and careless with the precious life of a child. No proper protocol was followed.

“We brought in a child who was unwell but stable and scheduled to travel the next day. We came to conduct basic procedures. And suddenly, our beautiful little boy was gone forever. It is like living your worst nightmare. I will never survive the loss of my child.

“We have now heard about two previous cases of this same anesthesiologist overdosing children. Why did Euracare allow him to keep working? This must never happen to another child,” she wrote.

As of press time, it is not clear what the next line of action will be with the revelation.

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SUNU Health Named Most Customer Focused HMO of the Year

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By Modupe Gbadeyanka

The decision of the management of SUNU Health Nigeria Limited to adopt the strategy of placing the enrollee and customer at the heart of its operations has started to pay off.

The company was recently announced as Most Customer-Focused Health Insurance Company of the Year at the Customer Service Standard Magazine Awards 2025.

The recognition underscored the company’s success in translating its dedication into tangible enrollee satisfaction and superior market service at the Nigerian Health Maintenance Organisation (HMO) landscape.

It also highlights the organisation’s dedicated efforts in streamlining claims processing, enhancing access to quality healthcare providers, and maintaining transparent, responsive communication channels with its diverse client base across Nigeria.

The accolade further serves as a powerful testament to the successful integration of digital solutions and human-centric service models at SUNU Health.

It positions the firm as a leader not only in providing robust health plans but also in delivering the supportive, personalized care that enrollees truly value.

“Clinching the Most Customer-Focused Health Insurance Company of the Year award is not just an honour; it is a validation of the core philosophy that drives every member of the SUNU Health team.

“We believe that healthcare is fundamentally a service industry, and our success is measured by the well-being and satisfaction of our enrollees,” the chief executive of SUNU Health, Mr Patrick Korie, commented.

“This award reinforces our resolve to continuously innovate and set new benchmarks for customer experience in the Nigerian health insurance sector.

“Our commitment to providing accessible, high-quality, and seamless healthcare solutions remains our top priority as we move into the new year (2026),” he added.

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Nigeria Launches First National Antimicrobial Resistance Survey

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Antimicrobial Resistance Survey

By Adedapo Adesanya

Nigeria has launched its first nationally representative survey on antimicrobial resistance to generate critical data to guide evidence-based policies, improve patient outcomes, and strengthen health system resilience.

Antimicrobial resistance occurs when bacteria, viruses, fungi, and parasites evolve to resist treatment, making infections harder to cure.

As a result, surveillance is essential to track resistance patterns, identify priority pathogens, and guide targeted interventions and with support from the World Health Organization (WHO) and other partners, the initiative marks a milestone in the country’s public health response.

Nigeria becomes the third country globally to partner with WHO on a national antimicrobial resistance survey. having been selected based on the country’s strong commitment to AMR surveillance, its updated WHO Nigeria NAP 2.0, and readiness to expand laboratory and data systems.

Africa’s most populous country ranks 20th globally for age-standardized mortality due to antimicrobial resistance . In 2019, an estimated 263,400 deaths in Nigeria were linked to  it—more than the combined deaths from enteric infections, tuberculosis, respiratory infections, maternal and neonatal disorders, neglected tropical diseases, malaria, and cardiovascular diseases.

Globally, resistant infections in tertiary care settings cost between $2,371 and $29,289 per patient episode, extend hospital stays by an average of 7.4 days, and increase mortality risk by 84 per cent.

The survey will see the establishment of a national baseline on antimicrobial resistance prevalence to monitor interventions, assess the distribution, burden (morbidity, mortality, DALYs, cost), and diversity of AMR across regions and populations, as well as contribute to the global target of reducing AMR deaths by 10 per cent by 2030, in line with the political declaration endorsed at the 79th United Nations General Assembly in 2024.

It also seeks to strengthen routine antimicrobial resistance surveillance, including diagnostics, sample referral systems, and laboratory capacity.

Using WHO’s standardized methodology, the survey will run for 12–15 months and cover 40–45 randomly selected health facilities nationwide. Patients with suspected bloodstream infections (BSIs) will be identified using standard case definitions, and blood samples will be analysed in quality-assured laboratories.

Data will be collected across all age groups, covering clinical, demographic, laboratory, financial, and outcome indicators. Follow-up will occur at discharge, 28 days, and three months post-infection. The survey will sample approximately 35,000 patients suspected of BSIs to obtain around 800 isolates of the most common pathogens.

Dr Tochi Okwor, Acting Head, Disease Prevention and Health Promotion, Nigeria Centre for Disease Control and Prevention (NCDC) said, “With WHO’s support, we are confident the survey will generate the evidence needed to protect public health.”

WHO Representative in Nigeria, Dr Pavel Ursu, reaffirmed WHO’s commitment stating that ,“Nigeria is taking a decisive step toward combating AMR with an approach grounded in data, science, and measurable impact. This survey will provide the clarity needed to drive smarter policies, stronger surveillance, and better patient outcomes. Nigeria is laying the foundations for a resilient health system, one that protects lives, strengthens trust, and ensures that essential medicines remain effective for future generations.”

Adding her input, Dr Laetitia Gahimbare, Technical Officer at WHO Regional Office for Africa, added:“Strengthening surveillance enhances Nigeria’s capacity to detect and respond to AMR threats, supporting better patient outcomes, reinforcing health security, and building a resilient system.”

Professor Babatunde Ogunbosi, Paediatric Infectious Diseases Specialist at University College Hospital, Ibadan, highlighted the broader impact:, “This survey is about more than data. It’s about building national capacity for research, diagnostics, and policy. It integrates science into public health decision-making.”

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