Nigeria inflation slows before first central bank meeting of 2026

FILE PHOTO: People crowd a market place in Lagos, Nigeria December 18, 2021. Picture taken December 18, 2021. REUTERS/Temilade Adelaja/File Photo

ABUJA, Feb 16 (Reuters) – Nigeria’s annual inflation rate slowed slightly to 15.10% in January from 15.15% in December, the statistics office said on Monday, marking the tenth straight monthly decline. The data could encourage the central bank to cut interest rates next week, when it is scheduled to announce its first monetary policy decision of 2026.