• Nigeria’s headline inflation falls for second straight month on naira stability


    Nigeria’s headline inflation moderated slightly in May, its second slowdown in two months, as a result of relative exchange rate stability and moderating fuel prices. The National Bureau of Statistics reported headline inflation at 22.97%, down from April’s 24.2%, while food inflation declined to 21.14% from 21.79%. The slowdown  reflects a 1% naira appreciation in […]


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    Nigeria’s headline inflation falls for second straight month on naira stability

    Nigeria’s headline inflation moderated slightly in May, its second slowdown in two months, as a result of relative exchange rate stability and moderating fuel prices. The National Bureau of Statistics reported headline inflation at 22.97%, down from April’s 24.2%, while food inflation declined to 21.14% from 21.79%. The slowdown  reflects a 1% naira appreciation in […]

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