Inflation Watch – Nigeria’s Inflation Rate Continues Downward Trend, Reaches 23.18% in February

Nigeria’s headline inflation decreased to 23.18% in February 2025, continuing its downward trend for the second consecutive month following the Consumer Price Index rebasing by the National Bureau of Statistics. This represents a reduction of 1.30 percentage points from January’s 24.48% and is 8.52% lower compared to February 2024. The moderation signals potential economic stabilization after the turbulent inflation peaks experienced in 2024…