Good news for Nigerians! Inflation has dropped for six straight months, reaching its lowest point in three years, thanks to strong monetary policies and improved food supplies.
The Central Bank Governor, Yemi Cardoso, revealed that Nigeria’s inflation rate eased to 18.02% in September 2025, down from a peak of 34.19% in mid-2024. Food inflation slowed to 16.87%, and core inflation dropped as well, signaling improved price stability.
This fall follows rate hikes and tighter monetary controls, including setting high cash reserve ratios and foreign exchange reforms. The Naira is stabilizing, and foreign reserves remain robust, covering over 11 months of imports.
Cardoso assured that with steady energy prices and continued reforms, Nigeria’s inflation trend should keep easing, bringing relief to households and boosting economic confidence.
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