Nigeria’s inflation rate drops to 22.97%
The National Bureau of Statistics, NBS, on Monday, announced that Nigeria’s headline inflation rate has dropped to 22.97 percent This marks a 0.74 percentage point decrease compared to the 23.71% recorded in April. On a month-on-month basis, inflation slowed to 1.53% in May, down from 1.86% in April indicating a more moderate rise in overall prices On a year-on-year basis, the NBS said the headline inflation rate was 10.98 per […]