Nigeria's Inflation Cools to 16% as Regional Disparities Narrow
Nigeria's headline inflation rate dropped to 16.05% in October 2025, down from 18.02% the previous month and less than half the 33.88% recorded a year earlier, according to the latest Consumer Price Index data. The deceleration marks a significant milestone in the country's battle against price pressures that peaked in late 2024.
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Nigeria’s real estate market may see its strongest year in a decade as the naira strengthens, inflation cools, and economic reforms take hold heading into 2026.
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The Central Bank of Nigeria has revised its Standing Facility corridor, lowering SLF and SDF rates to boost interbank liquidity and encourage private sector lending while maintaining the MPR at 27%. Analysts say the move enhances monetary policy transmission and supports real-sector credit.
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Governor Babajide Sanwo-Olu has presented a ₦4.237 trillion “Budget of Shared Prosperity” for 2026, outlining major allocations for infrastructure, economic affairs, health, education, and social welfare, with revenue projections of ₦3.993 trillion and a ₦243 billion deficit.
ABUJA
Indigenous residents in the FCT call on Minister Nyesom Wike for fair compensation following the demolition of homes in Kuchibedna, citing displacement and threats to cultural heritage.
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