Nigeria Sees Inflation Relief In May As Headline Rate Drops To 22.97%
Nigeria’s inflation rate showed a welcome deceleration in May 2025, easing to 22.97% year-on-year, marking the second consecutive month of relief for the country’s strained consumers. The National Bureau of Statistics (NBS) revealed this in its latest inflation report, released Monday, noting that the inflation rate fell by 0.74 percentage points from April’s 23.71%. On…