Nigeria’s inflation drops below 20% as NGX surges up 44.74% year-to-date

Nigeria’s consumer price index (CPI) inflation rate dropped significantly to 18.02 percent in September 2025, falling below the 20 percent threshold for the first time in three years and strengthening the case for interest rate cuts.

This major slowdown from 20.12 in August was the largest decline this year, driven by a sharp drop in food inflation to 16.87 percent. Simultaneously, the Nigerian Exchange Group All-Share Index (NGX-ASI) extended its robust upwar