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Rising food costs, border closure push Nigeria inflation to near 3-yr high

Published by BusinessDay on Fri, 16 Oct 2020


Nigeria recorded its highest inflation in nearly three years in September after food prices quickened on the back of the countrys land border closure and dollar squeeze. Headline inflation hit 13.7 percent in September 2020 from 13.2 percent in August. Food costs rose by 16.7 percent in September 2020 compared to a year ago, the []
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