Business / Politics

NBS: Nigerian annual inflation at 12.34 percent in April

By wazup on May 21, 2020 Comments Closed / 94 views

NBS: Nigerian annual inflation at 12.34 percent in April

President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

Annual inflation in Nigeria stood at 12.34% in April, compared with 12.26% in March, the National Bureau of Statistics said on Thursday.

A separate food price index showed inflation at 15.03% in April, compared with 14.98% in March.

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Abuja Alison Williams April Chijioke Ohuocha Economy Editing March National Bureau of Statistics Nigeria Reporting Reuters