Nigeria's annual inflation rate rose to 22.22 per cent in April from 22.04 per cent in the previous month.
meets for the third time this year, key monetary policy issues are expected to dominate discussions amid the high inflation rate.
Mr Emefiele’s troubles also faced pressure from the operatives of the State Security Service , who sought to arrest him over corruption and terrorism financing allegations. The lingering inflationary pressure in Nigeria prompted the apex bank to hike interest rates to their highest levels in nearly two decades.
Others are furnishings & household equipment & maintenance , education , health , miscellaneous goods & services , restaurant & hotels , alcoholic beverages, tobacco & kola , recreation & culture and communication .In January, the MPC raised its benchmark lending rate from 16.5 per cent to 17.5 per cent in a sustained push to control inflation and ease pressure on the naira.
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