June 16, 2026/InvestmentOne Report The National Bureau of Statistics (NBS) reported that headline inflation edged up to 15.93% YoY in May 2026, 24bps higher than the 15.69% YoY recorded in the previous month, driven by a combination of normalising base effects, sustained food supply-side pressures, a sharp re-acceleration in core […]
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Stablecoins in Nigeria: A Growing Cross-Border Channel
(Credit: Andrew Caballero-Reynolds/IMF Photo) June 16, 2027/IMFBlog By Axel Schimmelpfennig and Bo Zhao U.S. dollar–pegged digital tokens reduce payment frictions but raise new policy trade-offs Nigerian households and small firms are moving money across borders in a new way: via smartphones, digital wallets, and U.S. dollar–pegged crypto assets known as […]
Inflation Ticks Higher in May but Disinflation Expected to Resume in June
June 16, 2026/CSL Update Inflation rises for the third consecutive month. Headline inflation advanced for the third consecutive month in May, rising to 15.9% year-to-year (y/y) from 15.7% y/y in April, consistent with our expectation. The increase was broadly driven by upward pressure across key components of the inflation basket, […]
