According to the National Bureau of Statistics (NBS), Nigeria’s inflation rate rose to 16.82 percent in April 2022, the highest in eight months compared to 15.90 percent in the previous month.
Global credit ratings agency, Fitch, has cut Nigeria’s economic growth forecast for 2022 by almost half, citing an expected contraction in the oil and gas sector, rising inflation and little progress with economic reforms.
Fitch now expects Africa's largest economy to grow by 1.8 percent this y
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