Nigeria's headline inflation eased for a third straight month to 15.39% in August 2026, prompting the Central Bank of Nigeria to cut its benchmark rate by 350 basis points.
Nigeria's headline inflation eased for a third consecutive month to 15.39% in August 2026, down from 15.43% in July, according to data that prompted the Central Bank of Nigeria (CBN) to cut its benchmark rate by 350 basis points.
The move narrows Nigeria's interest-rate differential behind Ghana, reshaping the relative attractiveness of naira-denominated assets for regional investors.
The cut arrives as part of a wider wave of African monetary policy decisions, with Ghana, Mauritius, Egypt and Rwanda all navigating their own rate paths.
For Lagos and Abuja, the question is whether lower rates can finally translate into credit reaching the real economy.
Thabo Nkosi reports on African markets, monetary policy and continental trade.
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