Analysts Forecast 16% Year-End Inflation Rate

Analysts Forecast 16% Year-End Inflation Rate

Domestic financial analysts have adjusted their economic models to project that Nigeria’s inflation rate will close the year 2026 at 16 percent. Investment banking firms and research houses simultaneously withdrew their earlier predictions for an imminent interest rate cut by monetary authorities. This collective analytical shift highlights the persistent nature of underlying inflationary pressures across…

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Naira Holds Steady at 1383 Against Dollar in Official Market

Naira Stabilises Against Dollar at N1,372 as Arbitrage Gap Narrows

The Nigerian naira maintained a stable trajectory against the United States dollar across both official and parallel foreign exchange markets this morning. Data from the Nigerian Foreign Exchange Market showed the local currency trading at an official rate of 1,372.84 naira per dollar. This figure represents a minor adjustment from the 1,372.64 naira recorded at…

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