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Analysts have expressed doubts about the sustainability of the fall in Nigeria's year-on-year headline inflation rate over the next five months (despite the recent decline from 17.93% in May to 17.75% in June 2021). Indeed, with supply-side disruptions still prevalent in the manufacturing sector, and difficulties associated with accessing foreign exchange at the Import " Export (I"E) window of the Central Bank of Nigeria (CBN), the likelihood of a reversal of the downward slide in the Y-o-Y inflation rate remains probable

The Central bank of Nigeria has announced October 1 as the date for the launch of the E-Naira, in a webinar with the fintech community the CBN noted that the digital currency would promote cross border trade, the efficiency of monetary policy, financial inclusion and targeted social intervention.

The news of OPEC+ bringing back withheld production in August 2021, following through with 400kbpd monthly increments over the remainder of this year, triggered a spectacular tumble in oil prices earlier this week