Africa Business News

Stears has announced that Nigeria’s inflation rate may rise to 30 per cent by December 2023. The data Provider projected that Nigeria’s annual inflation rate is set to climb steadily until year-end, culminating at around 30 per cent, a level not attained since the country’s modern democratic era. The firm stated that its forecasts are based on trusted econometric tools that consider a myriad of factors driving inflation, from general to country-specific dynamics. Stears’ Head of Insights, Fadekemi Abiru, says the exchange rate premium is expected to keep widening and exert further inflationary pressures unless there is significant dollar inflows into the economy.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement