Learn more

The Central Bank of Nigeria has said that Nigeria’s domestic prices are expected to remain high in the 2024/2025 fiscal year. The apex bank made this known in its Monetary, Credit, Foreign Trade and Exchange Policy Guidelines for fiscal years 2024/2025. CBN’s revelation comes amid the two consecutive decreases in Nigeria’s inflation in July and August which stood at 33.40 percent and 32.15 percent. Meanwhile, CBN blamed elevated domestic prices on the back of spillovers from global supply constraints, exchange rate pass-through impact, persisting security and infrastructural challenges. Howeve…

cuu