Just in: Nigeria’s inflation rate drops slightly to 15.06% in February

Nigeria’s inflation rate declined marginally to 15.06 percent in February, down from 15.1 percent recorded in January, according to the latest data released by the National Bureau of Statistics (NBS).

The figures were contained in the Consumer Price Index (CPI) report for February published by the statistics agency on Monday.

The report indicates a slight easing in the country’s headline inflation, reflecting a modest slowdown in the pace of rising consumer prices compared to the previous month.

Further details from the CPI report are expected to provide insight into the components driving the marginal decline.