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Economy & prices
Inflation is easing and growth is picking up
The headline numbers on Nigeria's economy, read together: prices, output and interest rates.
14.63%Headline inflation, Sep 2026Down from 15.39% in AugustSource: NBS
19.59%Food inflation (y/y), Sep 2026Food remains the main price pressureSource: NBS
4.43%Real GDP growth, Q2 2026Oil and services led the pickupSource: NBS
23.00%Monetary policy rateReset from 26.5% on 22 Sep 2026; next MPC 23–24 NovSource: CBN MPC
The next releases that will move the picture
Next CPI release
NBS publishes monthly inflation mid-month. A further fall would widen the gap between inflation and the policy rate, which matters for savings and loan pricing.
MPC decisions
The CBN has prioritised naira stability. Watch how real interest rates, reserves and the FX market shape the next decision.
Q3 GDP
Third-quarter GDP shows whether the oil and services momentum from Q2 carried into the second half of the year.
Sources
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