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Nigeria’s inflation rate [Consumer Price Index (CPI)] continues its steady decline across all headings. Headline inflation declined for the eighth consecutive month from 16.63% in September to 15.99% in October.
Demonstrations and protests from labour unions seeking an upward review of the N18,000 minimum wage yielded positive gains as President Muhammadu Buhari signed a new minimum wage of 30,000 naira for the workers in April.
