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Nigeria’s inflation rate drops further to 15.4% in November 2021 Nigeria’s inflation rate dropped further in the month of November 2021 to 15.4% from 15.99% recorded in the previous month. This is according to the recently released inflation report by the National Bureau of Statistics (NBS). What this means Nigeria’s inflation rate recorded its 8th consecutive moderation in November 2021,

U.S. dollar gains; yen, Swiss franc fall as Omicron fears ease Global Economy: The dollar firmed on Monday, while the yen and Swiss franc weakened, reversing some of Friday’s moves, as fears about the new corona virus variant receded, with governments around the world seeking further information about the most recent mutation and its impact. The Omicron variant, first detected

*World Bank Report on Nigeria Economy* The World Bank has said Nigeria’s economy is projected to grow by2. 4 per cent in 2021. This is an increase in the bank’s earlier growth projection of 1.8 per cent made in January this year. … According to the report, the projected growth in Nigeria is driven by growth in the service sectors