UPDATE 1: Nigeria’s inflation slows to 16.1 percent

by | July 17, 2017 1:49 pm



Nigeria’s inflation slowed 0.15 percent points to 16.10 percent in June 2017, raising more confidence on the recent forex policies of the Central Bank of Nigeria to create dollar liquidity and dampen imported prices into the largely import-dependent nation. This is the fifth consecutive decline in the rate of inflation since January this year, with…

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