LAGOS Nov 14 (Reuters) – Annual inflation in Nigeria accelerated in October to 18.3 percent from 17.9 percent a month earlier, the National Bureau of Statistics (NBS) said on Monday, a more than 11-year high and the ninth monthly rise in a row.
A separate index for food rose to 17.1 percent from September’s 16.6 percent, the statistics office said. Nigeria, which has Africa’s biggest economy, is in recession for the first time in more than 20 years. (Reporting by Alexis Akwagyiram)
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
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