FDC: Nigeria’s October inflation will spike to 14.4%

Financial Derivatives says before the #ENDSARS protest became a crisis, it had crippled Lagos businesses, markets and traffic while also inducing artificial scarcity of commodities. This it says in addition to higher logistics costs and supply chain disruptions had led to a spike in food prices. FDC is therefore forecasting a spike in Nigeria’s headline inflation to 14.4 per cent this October. Nosike Nwajide, Senior Analyst at Financial Derivatives joins CNBC Africa’s Kenneth Igbomor for more.