Nigeria’s annual inflation rate eased for the second straight month to 17.93% in May of 2021 from 18.12% in April, amid a slight slowdown in prices of food & non-alcoholic beverages & tobacco (22.28% vs 22.72% in April) and despite a recent currency devaluation. Still, the annual core inflation, which excludes the prices of volatile agricultural produce hit 13.15% in May, the highest since April of 2017. On a monthly basis, consumer prices inched up 1.01%, following a 0.97% increase in the prior month.
NSEASI Gives Up 92Bpts as Dangcem & Seplat Mark Down for Div
Taking few more steps back, equities trading on the floor of the Nigerian Stock Exchange ended in the negative territory,
May 6, 2021
