For the first time in four years,Nigerias inflation rate has surged to an all time high of 16.47%.
The last time the nation experienced this surge was in 2017.
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 16.47 percent in January.
The CPI/Inflation report released by the National Bureau of Statistics (NBS) shows that food inflation has also crossed the 20 percent mark.
More to follow
