The rate of inflation in Nigeria has been defended by the Central Bank of Nigeria (CBN), which insisted that it is better when compared to most African countries.
The acting governor of the CBN, Folashodun Shonubi, stated this on Tuesday at the 2023 Zenith Bank International Trade Seminar.
Represented by the Deputy Governor, Economic Policy, Kingsley Obiorah, Shonubi said there were several contributing factors to the global inflation rise.
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