Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data
By Lukman Otunuga, Senior Research Analyst at FXTM — Nigerian shares hovered around 2021 highs on Thursday, gaining over 4.4% year-to-datedespite the December U.S. inflation report reinforcing Fed rate hike expectations. The U.S. consumer price index (CPI) jumped 7% year-on-year,...