Nigeria’s Inflation Rate Drops to 21.8% in July, Marking Fourth Consecutive Decline

Nigeria’s headline inflation rate eased to 21.8% in July 2025, down from 22.22% in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Friday. The figures mark the country’s fourth consecutive monthly decline in inflation this year. The report also showed that on a month-on-month…