Inflation Settles On ‘Nigerian Onions’ As Food Prices Skyrocket......More of BusinessAM

Nigeria National Petroleum Corporation scrambled its communication team to provide assurance to the Nigerian Public that the strike by members of the Petroleum and Natural Gas Sector Staff of Nigerian which had started to result in panic buying of petroleum products especially petrol would not affect the supply of the product.

The food index rose by 0.66 basis point to 16.66%. The Surge was accursed to rising food prices occasioned by border closures and weakening of the Nigerian currency against the dollar in the foreign exchange market.