Nigeria’s headline inflation has risen steadily between July 2023 and June 2024

Prices of food items like tomatoes, yams, Irish potatoes, and brown beans have witnessed more than a 250% increase over the past 12 months in Nigeria. The country's headline inflation rate went from 24.08% in July 2023 to 34.19% in June 2024.

Source:

July 2023 - June 2024

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Nigeria holds the third highest interest rate in Africa at 27.5%, as Zimbabwe leads with 35%

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Between 1961 and 2022, African wine production decreased by 43%, with recent years’ production levels falling below the volume in the 1960s and 1970s

Key Takeaways:

African wine production peaked in 1965 at 2.39 million tonnes, the highest level recorded during the entire period.
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