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Campus Drive
The Nigeria’s inflation rate has surged to 27.33 per cent in October.
The National Bureau of Statistics disclosed this on Wednesday.
In its Consumer Price Index (October 2023) that was released on Wednesday, the NBS stated, that in October 2023, the headline inflation rate increased to 27.33 per cent relative to the September 2023 headline inflation rate which was 26.72 per cent.
The continued rise in inflation has been attributed to the removal of petrol subsidies and the devaluation of the official exchange rate.
The former aide to the ex-Vice President, Yemi Osinbajo, Laolu Akande, has described the ongoing national strike embarked upon by the Nigeria Labour Congress, NLC and the and Trade Union Congress, TUC, as a distraction, saying the nation has urgent problems to deal with. Akande stated this in an interview on Tuesday. According to him, the current hardship being faced by Nigerians and the fiscal crisis of the Federal Government […]
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