OPINION/EDITORIAL

S&P Global Raises Nigeria’s Outlook to Positive from Stable, Affirms Sovereign Credit Rating at “B-/B”

November 17, 2025/CSL Update S&P Global Ratings has revised Nigeria’s outlook to Positive from Stable, while affirming the country’s “B-/B” long and short term foreign and local currency sovereign credit ratings. The upward revision reflects the increased confidence in Nigeria’s reform agenda, with S&P noting that the country has recorded […]

Headline Inflation Drops to 16.05% Y/Y in October

November 17, 2025/Cordros Report Based on the CPI data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation fell sharply by 196bps to 16.05% y/y in October (September: 18.02% y/y). However, on a month-on-month basis, consumer prices increased by 21bps to 0.93% (September: +0.72% m/m). Food inflation decreased by […]