CBN Sees Economic Shift as Inflation Eases, Reserves Hit $50bn The Central Bank of Nigeria (CBN) has signalled a gradual economic reset, attributing improvements in inflation, foreign reserves, and investor confidence to its monetary and financial sector reforms. Speaking at the CBN Special Day during the...

The Central Bank of Nigeria (CBN) says it is on track to reduce inflation to single digits as part of its transition to an inflation-targeting monetary policy framework.

Nigeria’s food inflation rate rose to 12.12% in February 2026, reversing the single-digit level recorded in January and signalling renewed pressure on household food costs.

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate has dropped to 15.1 percent in January, down from the 15.15 percent recorded in December 2025.

Nigeria’s headline inflation is projected to rise toward 19% in January 2026, despite month-on-month price pressures easing, due to statistical base-year effects.

You don’t need a degree in economics to understand Nigeria’s inflation crisis. A simple visit to any local market tells the story more clearly than charts or policy papers ever could.