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Nigerians Project Rise in inflation, Borrowing Rates

Some Nigerians have projected rise in inflation and borrowing rates as well as naira appreciation in the next 12 months.
These projections were made in the Central Bank of Nigeria (CBN) 2018 fourth quarter Consumer Expectations Survey (CES) report released on its Website.
According to the report, the major drivers of the expected upward movement will be in prices of rent, food and other household needs, telecommunication, electricity, debt payment and purchase of house.
On the price changes outlook, the survey said most respondents expected prices of goods and services to rise in the next 12 months, with an index of 13.3 points.

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