Nigeria’s Consumer Confidence Improves as Inflation Nears Peak

• Consumer confidence index rises to -23.5 in January from -31.1 in December
• Households expect some price relief but remain cautious on major expenses

Lagos, Nigeria – Nigerian consumers are growing less pessimistic about the economy, with confidence inching higher in January as inflation shows signs of nearing its peak. The latest Consumer Expectations Survey from the Central Bank of Nigeria (CBN) reflects a shift in sentiment, with the index rising to -23.5 from -31.1 in December.