Rapid advances in financial technology in recent years are transforming the economic and financial landscape. They’re already offering wide-ranging opportunities — and raising potential new challenges — for consumers, financial and nonfinancial firms, service providers, and regulators alike.
This week ,the Nigerian Bureau of Statistics released headline inflation for the month of April which showed a 12bps MoM spike to 11.37%. However, examining trend in State’s inflation we noticed widespread disparity in consumer prices. The charts below show States with the highest and lowest headline inflation.
The CBN held off conducting an OMO auction today. Despite this, market liquidity moderated to ₦99 billion, however, the Interbank rate declined 129bps to settle at 4.57%.