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Nigeria’s inflation cools. Why are energy costs surging?

Open food market. Photo by Alex Hudson @ Unsplash
Open food market. Photo by Alex Hudson @ Unsplash

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Nigeria’s inflation falls to 14.63%.
  • Energy costs surge 5.38%, threatening gains.

 

ABUJA, NIGERIA — Nigeria’s inflation eased for a fourth month in September, but surging energy costs threaten to undermine relief for households and prospects for lower interest rates.

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