Analysts Forecast March Inflation At 16.4%

Nigeria’s headline inflation for the month of March is expected to fall for the second time in 2017, to 16.4 per cent.

This is according to Lagos-based financial and economic research firm, Financial Derivatives Company.

Earlier in the week, the purchasing manager’s index of the Central Bank, and FBN quest, revealed a modest increase in domestic manufacturing in March, indicating that Nigeria is gradually climbing out of recession.

The National Bureau of Statistics is expected to release the official March inflation data next week.

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