The International Monetary Fund (IMF) expects Nigeria’s inflationary pressure to ease to 26 percent this year. The fund spoke on Nigeria’s economic growth trajectory while presenting global projections from its World Economic Outlook at a news conference in Washington DC on Tuesday. Inflation has remained a major challenge for Nigerians and continues to worsen the operations of businesses in the country. To tame the inflationary uptick, the Central Bank of Nigeria (CBN) had raised the interest rate by 400 basis points (bps) — the largest in recent years — to…
Read MoreDespite Persistent Increases, IMF Projects Decline In Nigeria’s Inflation To 26%
