Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls

Within the first month of 2024, Nigeria’s headline inflation rose from almost one p.c to 29.9%. Nonetheless, on a year-on-year foundation, the January 2024 headline inflation price was 8.08 share factors greater than the January 2023 price. Many commentators determine overseas alternate shortages as the basis reason behind the naira’s poor efficiency towards main currencies. […]



Source link