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Nigeria: Another Looming Hyperinflation Monster

Summary by National Daily Newspaper
At a time that the wild volatility in Nigeria’s macroeconomic indices appears to be abetting, a trigger to (unwittingly) upset the trend has just been released. This trigger is the avoidable hike in the pump price of Premium Motor Spirit (PMS) or petrol, engendered by the Federal Government’s prevarications over the lifespan of the ‘Naira-for-Crude’ deal. Under the arrangement struck between the Federal Government and local refiners, crude oil i…
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National Daily NewspaperNational Daily Newspaper

Nigeria: Another Looming Hyperinflation Monster

At a time that the wild volatility in Nigeria’s macroeconomic indices appears to be abetting, a trigger to (unwittingly) upset the trend has just been released. This trigger is the avoidable hike in the pump price of Premium Motor Spirit (PMS) or petrol, engendered by the Federal Government’s prevarications over the lifespan of the ‘Naira-for-Crude’ deal. Under the arrangement struck between the Federal Government and local refiners, crude oil i…

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National Daily Newspaper broke the news in on Thursday, April 3, 2025.
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