Nigeria's inflation rises to almost 4-year high in March

Nigeria's annual inflation rose to a near four year high of 12.8 percent in March from 11.4 percent in February, driven by a rise in food prices, the National Bureau of Statistics said. Africa's biggest economy is facing its worst economic crisis in decades fueled by the collapse in crude prices, which has slashed government revenues, weakened the currency and caused growth to slow. Food prices, which account for the bulk of the inflation basket, rose by 1.4 percent points to 12.7 percent in Mar