Search

Nigeria inflation slows again in May, raising rate cut prospects

Allen dreyfus Logo
© Allen Dreyfus
  • Annual inflation eases to 22.96% on stronger naira
  • Analysts flag food risks from flooding and insecurity

Abuja, Nigeria – Nigeria’s annual inflation slowed for a second straight month to 22.96% in May, down from 23.71% in April, helped by lower fuel prices and a firmer naira.

Recent Business

The beach off Matemwe in Zanzibar, Tanzania. Photo by Crispin Jones @ Unsplash
Zanzibar sees 4.9% rise in tourist arrivals despite seasonal dip
Read More »
Morocco @ Pexels
Morocco inflation stays negative in February as weak demand persists
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Toubani Resources begins Mali gold project amid global demand
Read More »

Recent Politics

A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »

Latest Posts

Latest news insights