Inflationary pressure in Nigeria’s economy has hit a double digit, upstaging major monetary policies of the Central Bank of Nigeria, CBN. National Bureau of Statistics, NBS, February report released yesterday indicated that Consumer Price Index, CPI, which measures inflation recorded a significant uptick with the headline index increasing by 11.4 per cent year-on-year, roughly 1.76 percentage points higher from 9.6 per cent recorded in January. The new figure is at a two-year high last seen in December 2012 while the pace of acceleration has been one of the fastest in decades.
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American held after leaving ISIS territory
Kurdish authorities are holding an American citizen who emerged from ISIS territory, a Kurdish official told CNN on Monday.
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