Former Nigerian President Olusegun Obasanjo has suggested that Nigeria seek guidance from Zimbabwe's government to address the current all-time high inflation plaguing the country. Obasanjo, speaking at a youth leadership symposium on his 87th birthday, emphasized the importance of learning from the experiences of others, especially when facing economic challenges.In his address at the "Opportunities for Peace: Roles of the Youths in Conflict Prevention in Africa" s...

The International Monetary Fund (IMF) says stable exchange rates and lower inflation will attract more investments into Nigeria.Ari Aisen, the IMF representative in Nigeria, disclosed this on Tuesday during an interview on Arise Television.He reiterated support for the fuel subsidy removal and exchange rate unification, insisting that it will enhance the economic outlook of Nigeria.Arisen stated that if inflation decreases, exchange rates become more predictable, le...

The already alarming headline inflation rate in Nigeria has increased to 22.79 percent.The hardship being felt by the majority of people has gotten worse as a result of this development.Despite the Central Bank of Nigeria's efforts to halt the trend, the country's inflation rate increased six times in a row in June, according to the National Bureau of Statistics Consumer Price Index (CPI).The Monetary Policy Rate (MPR) of 18.5 percent, which the CBN had continued to...