World Bank Warns Oil Price Surge Could Worsen Nigeria's Inflation
The World Bank has issued a warning that the recent surge in global oil prices is likely to exacerbate inflation in Nigeria, particularly impacting food prices due to rising global food and fertilizer costs.
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World Bank warns oil price surge could worsen Nigeria’s inflation
The Bank also said the surge in global oil prices would put upward pressure on food prices, as rising global food and fertilizer prices feed into domestic inflation. The post World Bank warns oil price surge could worsen Nigeria’s inflation appeared first on Premium Times Nigeria.
By Omotoyosi Idowu
Read full article →World Bank warns oil prices surge may raise Nigeria’s inflation by 3.1
The World Bank has cautioned that the ongoing surge in global oil prices could directly increase Nigeria’s headline inflation by about 3.1 percentage points, as higher fuel costs ripple through the economy. The post World Bank warns oil prices surge may raise Nigeria’s inflation by 3.1 appeared first on Vanguard News.
By Emmanuel Okogba
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