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Nigeria: Nigeria Inflation Quickens As Middle East War Drives Fuel Costs

18 Jun 2026, 07:20 GMT

[Daba Finance] Nigeria's inflation rate rose less than expected in May, strengthening the case for possible interest-rate cuts later this year if global energy prices keep falling. Consumer prices increased 15.9% from a year earlier, compared with 15.7% in April, the National Bureau of Statistics said.