Inflation & Prices
Nigeria to Suspend Raising Fuel Prices With Inflation Reaching 18-Year High
A fuel attendant monitors the meter as they refuel a customer's vehicle in Lagos, Nigeria.
Photographer: Benson Ibeabuchi/BloombergThis article is for subscribers only.
Nigeria will suspend raising gasoline prices even as crude rises in a bid to slow accelerating inflation.
The move to halt raising fuel prices comes nearly three months after President Bola Tinubu scrapped costly subsidies spurring a jump in prices of everything from food to transport costs.