The situation in Nigeria continues to deteriorate. The naira continues to depreciate rapidly on the black market, reaching a new all-time-low against the dollar nearly every week. The economy is in recession, and we are currently forecasting GDP to contract…
Preparing Your Business for Inflation in Nigeria
Trend Nigeria’s underlying growth trajectory continues to be strong, with 6.6% GDP growth forecast for 2012 A recent uptick in inflation is likely to accelerate, with inflation forecasts increasing from 10% to 14-15% Core inflation (which excludes volatile components food…