Why CBN must resist further monetary policy tightening

The Centre for Promotion of Private Enterprise (CPPE) has called on the central bank of Nigeria(CBN) to resist further monetary policy tightening, as mounting inflationary pressures in the Nigerian economy is yet to abate.

According to the National Bureau of Statistics [NBS], headline inflation accelerated to 21.47 percent in November as against 21.09 percent in October.