Currency devaluation
-
Nigeria’s headline inflation rate declined to 33.40 percent in July after a persistent rise in almost two years, the latest report released Thursday by the country’s statistics bureau showed. The consumer price index, a main gauge of inflation, declined by 0.8 percent compared to the 34.19 percent recorded in June, according to the National Bureau…
-
The Naira depreciated by over 40 percent in the half quarter of 2024 at the foreign exchange market. The FMDQ data showed that the Naira weakened to N1505.30 per dollar on Friday from between N896.6 and N907.11 it closed on 29th December 2023. The figure showed that the Naira had continued its instability against other…
You must be logged in to post a comment.