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Cryptopolitan 2023-07-04 10:15:36

Nigeria faces inflation pressure and undervalued currency, Bank of America analysts say

Bank of America analysts have emphasized the need for immediate action to address Nigeria’s rising inflation and undervalued currency. Inflation is expected to accelerate due to the removal of fuel caps and the depreciation of the nation’s currency. According to these analysts, the central bank may need to raise interest rates significantly to curb inflation, ... Read more

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