Nigeria’s inflation rate declined to 23.2% in February 2025, marking a slight drop from 24.1% recorded in January 2025, according to data reported by Bloomberg.
The agency last month overhauled the consumer price index for the first time in 16 years and changed the reference year to 2024, which it said would better reflect the inflation pressures facing households in Nigeria.
Although this was not confirmed on the NBS website or its official channels at the time of filing this report, Bloomberg reported it.
About The Author
More Stories
Fashola weighs in on Lagos streets renaming, says state’s history must be preserved
Don’t put Nigeria at risk of expanded U.S. visa ban, Customs warns Nigerian travellers
U.S. raises bounty for wanted Venezuelan president, Nicolas Maduro, to $25m over alleged narcotics trafficking