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

In the primary month of 2024, Nigeria’s headline inflation rose from practically one % to 29.9%. However, on a year-on-year foundation, the January 2024 headline inflation charge was 8.08 proportion factors larger than the January 2023 charge. Many commentators establish overseas change shortages as the basis reason behind the naira’s poor efficiency towards main currencies. […]