This week ,the Nigerian Bureau of Statistics released headline inflation for the month of April which showed a 12bps MoM spike to 11.37%. However, examining trend in State’s inflation we noticed widespread disparity in consumer prices. The charts below show States with the highest and lowest headline inflation.
The CBN held off conducting an OMO auction today. Despite this, market liquidity moderated to ₦99 billion, however, the Interbank rate declined 129bps to settle at 4.57%.