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#Inflation

VideoVideo: TVC News Nigeria on YouTube

Economy · Video

Inflation falls to 14.63% in September as food prices drop month on month

Headline inflation eased to 14.63% in September from 15.39% in August, the NBS said, as food prices fell month on month. Core and energy prices rose.

Nigeria's headline inflation rate eased to 14.63% in September 2026, from 15.39% in August, the National Bureau of Statistics (NBS) said in its consumer price index report on Thursday, 15 October 2026, THISDAY, Premium Times and Nairametrics reported. It is the fourth monthly fall in a row, according to Nairametrics and The Guardian, which said the rate is now at…

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  1. The IMF raised its forecast for Nigeria's 2026 economic growth to 4.2 per cent, from 4.1 per cent, in its World Economic Outlook released on Tuesday, 13 October 2026.
  2. The fund kept its 2027 forecast at 4.3 per cent but warned that higher prices for essentials will worsen poverty and food insecurity in Nigeria.
  3. The IMF expects global growth to slow to 3.1 per cent in 2026, while sub-Saharan Africa is forecast to grow by 4.5 per cent.
Gist Reel

Money · 4 min read

IMF raises Nigeria’s 2026 growth forecast to 4.2%: what it means for you

The IMF now expects Nigeria's economy to grow by 4.2% this year, up from 4.1%, but warns that higher prices for essentials will worsen poverty and food insecurity.

The International Monetary Fund has raised its forecast for Nigeria's economic growth in 2026 to 4.2 per cent, from 4.1 per cent, in its latest World Economic Outlook, released on Tuesday, 13 October 2026, at the IMF and World Bank annual meetings in Bangkok, Thailand, Premium Times and Vanguard reported. The fund kept its forecast for 2027 at 4.3 per…

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  1. Fitch Ratings revised Nigeria's outlook to positive from stable and kept its long-term foreign-currency rating at 'B' on Friday, 9 October 2026.
  2. The agency cited gross foreign reserves of $54.9 billion on 25 September 2026 and forecast average inflation of 15.4% in 2026.
  3. Finance Minister Taiwo Oyedele said on Saturday, 10 October 2026, that the government is working towards investment-grade status.
Gist Reel

Money · 4 min read

Fitch lifts Nigeria’s outlook to positive: what it means for you

Fitch kept Nigeria's credit rating at B but changed its outlook to positive on Friday, citing reserves of $54.9bn and easing inflation. Here is what the move means and what could come next.

Global ratings agency Fitch Ratings has revised Nigeria's credit outlook to positive from stable, while keeping the country's long-term foreign-currency rating at 'B'. The decision, announced on Friday, 9 October 2026, pointed to stronger foreign reserves, easing inflation and growing confidence that economic reforms will continue, TheCable and Premium Times reported. The rating itself has not changed, but the outlook…

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  1. The MPC cut the Monetary Policy Rate from 26.5% to 23% at its 307th meeting
  2. The CBN says the move realigns its benchmark with market rates near 22%
  3. Manufacturers warn that bank lending rates could stay close to 30%
Gist Reel

Economy · 2 min read

CBN cuts benchmark rate to 23% in its biggest reduction since 2006

The Central Bank of Nigeria has lowered its policy rate by 3.5 percentage points, calling the move a reset rather than a change of stance.

The Central Bank of Nigeria (CBN) has made its boldest interest-rate move in years. At the close of the 307th meeting of its Monetary Policy Committee (MPC) in Abuja on Tuesday, 22 September, the bank lowered the Monetary Policy Rate (MPR), the benchmark that anchors borrowing costs across the economy, from 26.5% to 23%. The 350-basis-point reduction is the largest…

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