NIGERIA’S INFLATION DROPS TO 22.97%
National Bureau of Statistics, NBS, has announced that Nigeria’s headline inflation rate dropped to 22.97 percent. NBS said the May 2025 headline inflation rate decreased by 0.74 per cent compared to the April headline inflation rate, while on a month-on-month basis, inflation declined significantly to 1.53 percent in May from 1.86 percent in April. On a year-on-year basis, the NBS said the headline inflation rate was 10.98 per cent lower than the […]