Nigeria’s inflation slowed for the first time in 2025, easing to 23.18% in February from 24.48% in January, according to the National Bureau of Statistics. The drop followed a Consumer Price Index (CPI) rebase, coupled with lower fuel costs and a relatively stable naira. Increased output from the Dangote Refinery pushed diesel prices down by 33%, while petrol prices stayed roughly the same. Food inflation also eased slightly to 23.51%, down slightly from January’s 24.08%. Despite this temporary relief, analysts warn inflation may surge again by April, driven by global economic pressures. Meanwhile, the country’s Monetary Policy Committee kept interest rates steady at 27.5% after assessing recent macroeconomic developments.
Source: Techcabal
