Nigeria’s Inflation Rate drops to its Lowest in 14 Months

There’s some positive shift in the Nigerian economy after data made available by the National Bureau of Statistics (NBS) shows that inflation once again slowed to by 0.99 percent points, the biggest drop in 11 months.

According to the NBS’ Consumer Price Index and Inflation Report for March 2018, the inflation rate dropped to 13.34 percent from 14.33 percent in February.

This is the 14th consecutive month of disinflation since the outset of recovery in February 2017 when inflation first...

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