In August 2024, Nigeria experienced a notable surge in purchase cost inflation, marking a five-month high driven largely by the continued depreciation of the naira. This development has compounded the economic challenges facing businesses across the country, further straining an already precarious operating environment. According to the latest Stanbic IBTC Bank Nigeria PMI report, the [...]The post The Purchase Cost inflation in Nigeria reached a five-month high in August 2024 appeared first on Tekedia.
Related Articles
Don't miss out on breaking stories and in-depth articles.