SELECTED FOOD PRICES, TRANSPORT FARE WATCH REPORT
The bureau also intends to release a report on the Federation Account Allocation Committee , selected food prices watch and transport fare watch for November 2022.Also, the bureau will release a report on terms of trade as well as a report on selected banking sector data: sectorial breakdown of credit, ePayment channels, deposits; domestic credit breakdown and staff strength for the third quarter of 2022.
This, the bank explained, is due to Nigeria’s slow economic growth amid declining oil output and reduced non-oil activity. The bank also said five million Nigerians have been pushed into poverty as a result of inflation in 2022.On the global scene, oil prices fell as the market assessed the aftermath of interest rate hikes at central banks.