Advertisement
BY SULE TAHIR.
Nigeria’s inflation rate climbed to a new 17-year high of 21.91% in February 2023 on the backdrop of the new naira note design and uncertainties relating to the presidential election.
This was contained in the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report published on Wednesday, March 15, 2023.
This comes amid the uncertainties being faced by Nigerians due to the scarcity of the redesigned Naira notes.
The inflation rate for February is 0.09% point increase compared to the 21.82% recorded in the previous month.
Similarly, food inflation rose to 24.35% year-on-year in the review month from 24.32% recorded in the previous month.
Advertisement
You may be interested
What Tinubu’s swearing-in will do to me – Peter Obi opens up
Webby - May 28, 2023The Labour Party (LP) presidential candidate, Peter Obi has declared that the inauguration of Bola Tinubu as the President of…
MTN, Airtel lead as active internet subscription hits 157.5m in Q1 2023
Webby - May 28, 2023Spread the love Internet service providers, the major mobile network operators, namely MTN, Airtel, Globacom, and 9mobile, continued to dominate…
AON accuses Ethiopian airline of gross court abuse, regulatory violations
Webby - May 28, 2023Spread the love The Airline Operators of Nigeria (AON) has accused the East African carrier, Ethiopian Airlines of gross…
![American Pastor, David Wilson Seen Eating The Box Of Woman Who Isn’t His Wife [Video]](https://onlinenigeria.com/wp-content/uploads/2019/10/american-pastor-david-wilson-seen-eating-the-box-of-woman-who-isnt-his-wife-video-150x150.jpg)
