Nigeria, May 15 -- Nigeria's annual inflation rate eased to 23.71 per cent in April from 24.23 per cent in March, the National Bureau of Statistics (NBS) said on Thursday.

The statistics office said the April 2025 headline inflation rate showed a decrease of 0.52 per cent compared to the March 2025 headline inflation rate.

On a year-on-year basis, the headline inflation rate was 9.99 per cent lower than the rate recorded in April 2024 (33.69 per cent).

This, it said, shows that the headline inflation rate (year-on-year basis) decreased in April 2025 compared to the same month in the preceding year (i.e., April 2024), though with a different base year.

The NBS said that on a month-on-month basis, the headline inflation rate in April wa...