Nigeria inflation at almost 3-1/2 year high in Feb – NBS

Nigeria inflation at almost 3-1/2 year high in Feb – NBS

Nigeria’s annual consumer inflation rate rose 11.4 percent in February, 176 basis points higher than in January, to near a three-and-a-half year high, data from the National Bureau of Statistics (NBS) showed on Tuesday. Africa’s biggest economy is facing its worst economic crisis in decades fuelled by the collapse in crude prices, which has slashed…

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