Inflation rate to crash further: Analysts

Posted by News Express | 9 April 2017 | 1,836 times

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•Finance Minister Kemi Adeosun.

Nigeria’s headline inflation for the month of March is expected to fall for the second time in 2017, to 16.4 per cent.

This is according to Lagos-based financial and economic research firm, Financial Derivatives Company.

Earlier in the week, the Purchasing Managers’ Index of the Central Bank, and FBN Quest revealed a modest increase in domestic manufacturing in March, indicating that Nigeria is gradually climbing out of recession.

The National Bureau of Statistics is expected to release the official March inflation data next week. (Channels TV)

Source: News Express

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