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| Https://lekkibizchronicle.com/2023/12/15/nigerias-inflation-dilemma/ by lekkibizchron(op): 4:43pm On Dec 15, 2023 |
Nigeria’s inflation rate hit a shocking new peak of 28.2% year-on-year in November, matching a level last seen in 2005 and raising serious concerns about the economy’s health. This alarming jump, exceeding the 27.9% forecast by economists, could trigger another interest rate hike by the Central Bank of Nigeria (CBN). The surge in prices, fueled by a weakened naira and the removal of fuel subsidies, is particularly worrying for millions living in extreme... Click to read more: https://lekkibizchronicle.com/2023/12/15/nigerias-inflation-dilemma/ |
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