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For first time in 2yrs, Nigeria’s inflation rate declines for second successive month

Nigeria’s inflation rate slowed for the second successive month in May, marking the first time in two years that the rate has slowed for two straight months. Headline inflation decelerated to 17.93% in May 2021 from 18.12% recorded in April 2021, the National Bureau of Statistics (NBS) said Tuesday. The trend comes as a surprise…

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