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Bank of America Projects Nigeria’s Inflation to Hit 30%

Bank of America Projects Nigeria's Inflation to Hit 30% The Bank of America says the Monetary Policy Committee of the Central Bank may need to increase interest rates by at least 700 basis points before the end of the year to curb inflation. In an interview...

BoA Says Naira May Devalue By 20% In 2023

BoA Says Naira May Devalue By 20% In 2023   Nigeria’s local currency unit is set to weaken further next year as its current exchange rate to the dollar is well above fair value, according to Bank of America (BOA). According to a report by Bloomberg, economist...