Business in Nigeria (September Edition): Fuel price spikes raise spectre of resurgence in inflation

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The energy crisis could hinder the economy's fragile recovery from inflation, which eased in July and further in August.

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Analysts’ expectation was that the upward adjustment of the benchmark interest rate in July, the fourth this year, would signal an end to Nigeria’s longest cycle of tightening on record after official data showed successive decelerations in price levels within those months.

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