March 18, 2025/CSL Research The latest rebased Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS) showed that headline inflation slowed for the second consecutive month, easing to 23.2% year-on-year (y/y) in February, down from 24.5% in January. Likewise, food inflation, now accounting for c.40% of the […]
OPINION/EDITORIAL
FX Losses and Cost Pressures Weigh on Telcos’ Profitability
March 18, 2025/CSL Research In 2024, Nigeria’s telecommunications sector saw mixed performances among its listed companies. MTN Nigeria sustained its revenue growth momentum, recording a 36.0% year-on-year (y/y) increase to ₦3.36 trillion, up from ₦2.47 trillion in FY 2023. In contrast, Airtel Africa eported a 5.8% y/y revenue decline in […]
Rapid Response: Headline Inflation Slows to 23.18% Y/Y in February
March 17, 2025/Cordros Update Based on the rebased CPI data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation slowed by 130bps to 23.18% y/y in February (January: 24.48% y/y). On a month-on-month basis, consumer prices fell to 2.04% (January: 10.68% m/m).
