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Nigeria’s inflation rate has reached 26.72 per cent, marking a 0.92 per cent increase from the previous month’s 25.80 per cent.
The National Bureau of Statistics disclosed this on Monday through its latest Consumer Price Index report for September 2023.
The upsurge in inflation is mainly linked to the removal of petrol subsidies and the devaluation of the official exchange rate, both exerting substantial impacts on consumer prices.
The President, Bola Tinubu has on Monday swore in three additional ministers into his 48-member cabinet. The brief swearing in ceremony took place at the Council Chamber, Presidential Villa, Abuja before the commencement of Federal Executive Council, FEC, meeting, which is the second in Tinubu’s administration. This is coming nearly two weeks after the Senate cleared the trio after screening on October 4, 2023. Recall that on September 17, 2023, […]
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