Nigeria’s inflation continued its downward trajectory in September 2025, falling for the sixth consecutive month to 18.02% year-on-year, from 20.12% in August, according to the National Bureau of Statistics (NBS). This marks the sharpest pace of disinflation in over a year, signaling a gradual return to price stability on the back of favourable base effects, enhanced supply dynamics, and policy reforms (which has helped to bolster investor confidence, boost FX liquidity and stabilize the exchange rate). On a month-on-month basis, the consumer price index rose by 0.72%, moderating further from 1.06% in August, as price growth slowed across key components of the index.