Nigeria’s Inflation Rate Soars to 33.95% in May 2024, Analysts Urge for Boost in FX Liquidity

According to a report released by the National Bureau of Statistics (NBS), Nigeria’s inflation rate surged to 33.95% in May 2024, up from 33.69% in April 2024. This increase reflects a steady rise in the cost of living, with year-on-year inflation rates rising by 11.54% points from 22.41% in May 2023. Part of the report [...]The post Nigeria’s Inflation Rate Soars to 33.95% in May 2024, Analysts Urge for Boost in FX Liquidity appeared first on Tekedia.

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