Nigeria's leading finance and market intelligence news report.

Why Nigeria inflation could hit record high of 20% by end of 2021

Nigeria’s annual inflation rate climbed for a 17th straight month to 16.47% in January of 2021. It was the highest inflation rate since April of 2017, as food inflation hit an over 12-year high of 20.57% due to pandemic disruptions and dollar shortages as well as lingering restrictions on imports of certain food items despite…

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