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Nigeria’s headline inflation slowed to 15.43 percent in July, extending a steady disinflationary run into its third month. Fresh data from the National Bureau of Statistics shows a 0.48 percentage point drop from the 15.91 percent recorded in June. The sharp deceleration beat private forecasts, which had placed the expected figure closer to 15.51 percent….
The Central Bank of Nigeria has abruptly halted its monetary easing cycle, frozen by an unexpected resurgence of global and domestic price pressures. The Monetary Policy Committee voted unanimously to maintain the benchmark interest rate at 26.5 per cent, defying previous expectations of progressive rate cuts. Central bank officials chose this cautious hold to protect…
