Nigerians are looking for useful investment portfolios and platforms to preserve their hard-earned money in a macroeconomic environment currently witnessing one of its worst trends in the last decade based on useful economic indicators and indices.
Recently, the annual inflation rate in Nigeria accelerated for the second month to a near 17-1/2-year high of 21.91% in February 2023, from 21.82% in the prior month and surpassing market expectations of 21.85%, according to the central bank of Nigeria (CBN). Other indices like the exchange and poverty rates are also not encouraging, given the current purchasing power parity that Nigerians endure.
Overall, Nigerians are now looking to diversify their wealth to generate future useful returns that are not susceptible to the depreciation prevalent in the economy caused by the persistently increasing inflation rate. This is because they are becoming more cautious and pessimistic about what the future holds for their wealth and future…
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