Nigeria’s inflation rate surged to 34.60 per cent in November 2024, marking a 0.72 per cent increase from October’s 33.88 per cent and reflecting the highest level in 28 years.
This rise, attributed to escalating costs of goods and services, has raised concerns about potential further interest rate hikes by the Central Bank of Nigeria (CBN) to combat persistent inflationary pressures.
The National Bureau of Statistics (NBS) reported that this year’s inflation is 6.40…
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