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OCTOBER 2024

The price of Premium Motor Spirit (PMS), commonly referred to as petrol, has witnessed a significant surge over the past year, reaching an average of N1,184.83 nationwide as of October 2024.  
Nigeria’s headline inflation rate rose to 33.88% in October 2024, up from 32.7% in September 2024, reflecting a 1.18 percentage point month-on-month increase.