Nigeria’s 15.91% inflation cements case for a CBN rate hold

    Oluwatobi Ojabello & Chinwe Michael | Top Stories | Jul 16, 2026    
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Nigeria's inflation story is no longer about whether prices are rising or falling. It is increasingly about persistence. Headline inflation eased marginally to 15.91 percent in June from 15.93 percent in May, according to the National Bureau of Statistics (NBS), almost exactly matching BusinessDay's 15.9 percent Inflation Nowcast published ahead of the official release. The difference was statistically negligible. The implication is not.

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