Nigeria’s Inflation Rate Drops to 23.18% in February Amid Persistent Food Price Pressures
Nigeria’s annual inflation rate eased to 23.18 percent in February from 24.48 percent in January 2025, according to the National Bureau of Statistics (NBS). This represents a decrease of 1.30 percent compared to the previous month. On a year-on-year basis, the inflation rate was 8.52 percent lower than the 31.70 percent recorded in February 2024. […]