Nigeria annual inflation drops for tenth consecutive month ahead of central bank meeting

Nigeria's annual inflation slowed to 15.10 percent in January marking a tenth monthly decline. Lower food costs could lead to interest rate cuts next week.

Nigeria NGNG's annual inflation rate slowed to 15.10% in January from 15.15% in December, marking the tenth consecutive monthly decline according to data released by the National Bureau of Statistics (NBS) on February 16, 2026. This sustained downward trend in the headline rate reflects a significant period of easing price pressures across the country.
A general view of Tejuosho Market in Yaba, in Nigeria's commercial capital Lagos, Nigeria, April 15, 2025. REUTERS/Sodiq Adelakun
A general view of Tejuosho Market in Yaba, in Nigeria's commercial capital Lagos, Nigeria, April 15, 2025. REUTERS/Sodiq Adelakun
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