Nigerians are not holding there breadth as Nigeria's May 2021 inflation numbers suggest that the domestic consumer price index (CPI) has risen at a slower pace. The headline inflation number released by the National Bureau of Statistics (NBS) shows that inflation for the month of May 2021 settled at 17.93%, this was 0.19% lower than the 18.12% of the previous month of April.
Nigeria's currency weakened to a four-year low in the parallel market after the central bank's efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates.
Welcome2Africa International (W2A), in collaboration with the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending PLC (NIRSAL), is pleased to launch the inaugural Agri Investment and Capital Markets 2021 forum, slated to hold by 8am-4pm, on the 30th of June 2021 at Four Points by Sheraton Hotel, Victoria Island, Lagos.
Because global business becomes more data oriented than before, demand for data scientists has soared. Work in this room now offers a handsome compensation package and provides excellent career opportunities.
Inflation generally refers to a rapid increase in the general price of goods and services in the country over a certain period of time. Inflation in Nigeria has doubled since 2016 reaching 17.33% in 2021.