Nigeria’s inflation drop rewrites market playbook

TRACKING TRENDS | INFORMING DECISIONS

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Second Term | Minimum Wage | Subsidy Removal

Nigeria’s inflation drop rewrites market playbook

Oluwatobi Ojabello | Editor’s picks | Nov 20, 2025

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Nigeria’s inflation story is showing signs of a turning point. The National Bureau of Statistics (NBS) reports that headline inflation eased further to 16.05 percent in October 2025, down from 18.02 percent in September, moving closer to the Central Bank of Nigeria’s medium-term target of 15 percent.

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