BREAKING: Nigeria’s Inflation Drops First Time In 11 Months

PwC Predicts Higher Inflation, FX Instability

Nigeria’s inflation, according to the National Bureau of Statistics (NBS), dropped for the first time in 11 months to 21.34%.

The country’s inflation rate had risen for 10 consecutive months, up to November 2022, when it reached 21.47%.

However, an NBS report indicated that Nigeria’s inflation rate showed a decline of 0.13% between November and December last year.

More to follow…