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Nigeria’s Inflation Resumes Upward Climb, Clouding Outlook for Rate Cuts and 2025 Budget Goals

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• March inflation rose to 24.23%, ending two-month easing streak
• Rate cut hopes fade as Central Bank faces pressure amid oil revenue shortfalls

Abuja, Nigeria – Nigeria’s inflation rate jumped to 24.23% in March from 23.18% in February, reversing a two-month decline and narrowing the path for monetary easing amid mounting macroeconomic pressures.

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