Decade’s Peak Inflation Deepens Dilemma for Nigeria in Slump

  • Inflation accelerated to 16.5% in June, highest since 2005
  • Economy will probably contract 1.8% this year, IMF said

Caught between the highest inflation rate in more than a decade and an economy set to contract for the first time since 1991, Nigeria’s central bank may opt to do nothing.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.