Inflation rate drops to 22.97% in May – NBS

By Tony Obiechina Abuja Nigeria’s headline inflation rate slowed to 22.97 percent in May 2025, a notable drop from the 23.71 percent recorded in April, according to the Statistician-General of the National Bureau of Statistics (NBS), Prince Adeyemi Adeniran. The NBS said n a statement that the decline of 0.74 percentage points marked a modest [...]

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