BusinessEconomyNewsNigeriaInflation hits 28.92% as food prices skyrocket
Nigeria’s inflation rate in December 2023 climbed to 28.92 per cent as a halt to petrol subsidies stoked transport costs, pushed up the prices of commodities and the naira weakened against the United States dollar. The December 2023 inflation rate is an increase of 0.72 per cent points from the previous month, the National Bureau of Statistics (NBS) said in its report on Monday. The rate increased by 7.58 per cent from that recorded in...