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Nigeria’s inflation rate quickens to 35-month high in February

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On the back of surging food prices, Nigeria’s February inflation rate accelerated by 17.33 percent, a 0.86 percent point increase from 16.47 percent in January 2021, according to a report released by the National Bureau of Statistics. From BusinessDay analysis, the inflation rate has been rising for 18 straight months and it is at the…

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