Nigeria’s inflation slows to 23.18% in Febraury on stable naira and lower fuel prices

Nigeria’s headline inflation slowed for the first time in 2025 after a Consumer Price Index (CPI) rebase, on lower petrol costs and a stable naira. Data from the National Bureau of Statistics on Monday put February’s inflation rate at 23.18%, down from 24.48% reported in January 2025.

A decline in diesel and petrol prices due to increased output from Dangote Refinery helped temper…