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December 15, 2023 Inflation rate to decline, exchange rate to Strengthen in 2024

The Central Bank of Nigeria (CBN) has said the country’s inflation rate and the pressures on the exchange rate will reduce in the coming year.

While the country’s inflation rate jumped to 27.33% in November—the highest in 18 years—the apex bank’s governor, Yemi Cardoso, projects a slump in 2024.

He also said the country is expecting less oil revenue in the new year owing to several factors.

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