Nigeria's inflation rate rose for the fourth straight month in December, advancing to 34.80% in annual terms from 34.60% in November, data from the statistics agency showed on Wednesday. Inflation quickened sharply in 2023 after President Bola Tinubu devalued the local naira currency and cut subsidies to try to lift economic growth and shore up public finances.

Nigeria’s oil output has seen a significant increase, rising by 6.3% to reach 1.507 million barrels per day, according to the just-released January 2024 Monthly Oil Market Report (MOMR). This boost is a welcome development for the country, which has been working to improve its oil production.

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 34.80 per cent in December 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for December 2024,

Nigeria’s inflation rate surged to 34.80 percent in December 2024 from 34.60 percent in November. This is according to the latest Consumer Price Index and inflation data released on Wednesday by the National Bureau of Statistics,

Nigeria’s inflation rate rose to 34.80 per cent in December, up from 33.60 per cent in November, according to the National Bureau of Statistics (NBS) released on Wednesday. ・Inflation rate in Nigeria rose to 34.