Nigeria TV Info 

Businesses Brace for Inflation Surge as Petrol Hits N1,300 per Litre

Nigerian businesses are preparing for a sharp rise in operational costs following the petrol price surge to N1,300 per litre. Transport, manufacturing, and logistics sectors face higher expenses, which could trigger increased prices for goods and services, pushing inflation further. Economists warn that without intervention, consumer purchasing power may decline, potentially slowing economic growth. Stakeholders are calling on the government to provide relief measures to cushion the impact on households and small businesses.