New data from the National Bureau of Statistics (NBS) reveals that Nigeria’s inflation reached a 21-year high of 28.92% in December 2023. This marks a 0.72 percentage point increase from the 28.20% recorded in November 2023. The inflation rate, officially the highest recorded, surpasses the previous peak of 28.2% noted in August 2005 and November … Continue reading Nigeria Records Highest Inflation in 21 Years at 28.92% in December 2023