April 16, 2025/CSL Research Nigeria’s headline inflation surprised to the upside in March, with the Consumer Price Index (CPI) climbing to 24.2% year-on-year (y/y), up from 23.2% in February, according to the National Bureau of Statistics (NBS). In terms of contributions to the increase in inflation, food and non-alcoholic beverages […]
OPINION/EDITORIAL
Nigeria March 2025 CPI: Consumer Prices Could Increase Further in April
April 16, 2025/Cordros Report According to the recently released data by the National Bureau of Statistics (NBS), headline inflation expanded by 105bps to 24.23% y/y in March (February: 23.18% y/y), bucking the slowdown trend from the prior two months since the CPI rebasing. A breakdown of the data shows that […]
Fitch Upgrades Sovereign Credit Rating on Rising Confidence in Policy Reforms; Current Account Surplus Rises to 9.2% of GDP in 2024
April 14, 2025/CSL Research Global credit rating agency Fitch has upgraded Nigeria’s long-term foreign currency issuer default rating from “B-” to “B” and revised the outlook from positive to stable. The upgrade reflects growing confidence in the government’s commitment to comprehensive policy reforms. Notable among these are the liberalisation of […]
