Nigeria’s headline inflation rate has continued to slow, falling from 15.43 per cent in July to 15.39 per cent in August 2026. The latest figures from the National Bureau of Statistics (NBS) show another month of easing price pressures, but the numbers do not mean Nigerians are suddenly paying less for food and other essentials….
Nigeria is getting two pieces of economic news that appear positive on paper but could have very different meanings for households and businesses. Headline inflation fell from 15.91 per cent in June to 15.43 per cent in July, according to the National Bureau of Statistics. But food inflation moved in the opposite direction, rising to…
The Federal Reserve has purchased up to $5.179 billion in short-term US Treasury bills, but the headline figure is creating more excitement in financial markets than the operation itself may warrant. The New York Fed’s operation on August 11 targeted Treasury bills maturing in roughly one to four months. It is part of the Fed’s…
Singapore has tightened its monetary policy for the second time in three months, as rising energy costs linked to ongoing tensions in the Middle East continue to raise concerns about inflation and global supply chains. On Monday, July 27, the Monetary Authority of Singapore (MAS) announced a slight increase in the rate of appreciation of…
Fresh concerns are emerging over Nigeria’s inflation outlook after broad money supply continued to expand while global crude oil prices climbed back toward the $100 per barrel mark, increasing the likelihood of higher fuel and transport costs in the coming weeks. Recent financial data show liquidity in the Nigerian economy has continued to rise, reflecting…
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching the long-awaited ECO single currency in 2027, describing the initiative as a major step towards deeper regional economic integration, stronger intra-African trade, and sustainable economic growth. The decision was announced in the final communiqué issued after the 69th Ordinary Session of…
The Nigerian naira started the new trading week on a stable note, maintaining its recent gains against the U.S. dollar as confidence in the foreign exchange market continued to improve. According to data from the Nigerian Foreign Exchange Market (NFEM), the naira traded at ₦1,379.22/$1 at the official window, reflecting continued stability after weeks of…
S&P Global has raised its forecast for Nigeria’s average inflation rate in 2026 to 16.9%, up from its previous projection of 15.0%, citing stronger-than-expected spillover from higher global oil prices into domestic energy costs. The revised outlook was published in the ratings agency’s latest report, Economic Outlook Emerging Markets Q3 2026: Inflationary Pressures Will Persist….
Nigeria’s inflation rate has continued to draw concern after new data showed that consumer prices increased again, putting fresh pressure on households and businesses that are already dealing with rising living costs. The latest figures have renewed debate over the country’s economic recovery and the effectiveness of ongoing policy measures. The increase reflects continued pressure…
