Nigeria’s inflation is projected to further drop to 21.79 percent in July as prices continue to moderate in Africa’s most populous nation after hitting its highest levels last year, according to Bismarck Rewane, the managing director of Financial Derivative Company (FDC).
That would be the fourth consecutive deceleration in 2025 and the lowest in almost two years. Rewane attributed the likely decline to the appreciation of the naira, lower energy costs, and the harvest season.
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