Nigeria's Inflation Rate Drops to 16.05% in October 2025

Nigeria's headline inflation rate decreased to 16.05% in October 2025, the lowest since 2017. The National Bureau of Statistics (NBS) reported a significant decline from 33.88% in October 2024.

Factors contributing to this improvement include better supply of goods, especially agricultural products, and a stable exchange rate. However, experts warn that sustaining this trend will require policy discipline and vigilance against potential disruptions like currency shocks and rising energy costs.