Nigeria’s headline inflation rate dropped to 22.97% in May 2025, marking the second consecutive month of decline, according to new data released by the National Bureau of Statistics (NBS).
The latest figure reflects a continued easing of price pressures, down from 23.71% recorded in April 2025.
The moderation signals potential relief for consumers and policymakers alike, as efforts to stabilise the economy begin to show early signs of impact.
More details to follow…