Nigeria's inflation rises to almost 4-year high in March
Inflation in Nigeria rose to a near four-year high of 12.8 percent in March, the National Bureau of Statistics said on Tuesday, with steep hikes seen particularly in the cost of petrol.
Inflation in Nigeria rose to a near four-year high of 12.8 percent in March, the National Bureau of Statistics said on Tuesday, with steep hikes seen particularly in the cost of petrol.
In a bid to tighten money supply in response to the sharp increase in inflation in February, the Central Bank of Nigeria (CBN) Tuesday raised its Monetary Policy Rate (MPR) to 12 percent from 11 percent.
IHS Holding Limited (IHS), mobile telecommunications infrastructure services provider covering Africa, Europe and the Middle East, and Africa-focused tower infrastructure sharing firm Helios Towers Nigeria Limited (HTN), have announced an agreement according to which IHS will acquire HTN's portfolio of 1,211 diversified tower sites throughout Nigeria.
Moody's Investors Service has today placed Nigeria's Ba3 issuer ratings on review for downgrade.