CBN nears inflation target as prices ease steadily

Nigeria’s Central Bank (CBN) is edging closer to its medium-term inflation target as prices continue to decline steadily, signaling a gradual return to economic stability.

According to the National Bureau of Statistics (NBS), headline inflation eased to 18.02 percent in September from 20.12 percent in August, marking the sixth consecutive monthly decline and the largest drop this year, a fall of 2.10 percentage points. With the Medium-Term Expenditure Framework (MTEF) target set at 15