Nigeria: Impact of fuel strike was $1.28 billion

(Reuters) – Nigeria’s economy lost out on an estimated 207.4 billion naira (US$ 1.28 billion) due to an eight day strike this month prompted by a dispute over the removal of fuel import subsidies, the national bureau of statistics said on Wednesday.

Nigeria consumer inflation edged down slightly year-on-year in December to 10.3 percent, from 10.5 percent the month before, it said. Food inflation rose 11 percent in December, up from 9.6 percent in November, the data showed.