Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls

In the archetypal period of 2024, Nigeria’s header ostentation roseate from astir 1 percent to 29.9%. However, connected a year-on-year basis, the January 2024 header ostentation complaint was 8.08 percent points higher than the January 2023 rate. Many commentators place overseas speech shortages arsenic the basal origin of the naira’s mediocre show against large currencies. […]