Research Notes

While the Naira rebounded to N1,435.75/$ at the official window due to seasonal festive demand, the parallel market saw a widening gap and increased pressure. Explore the key trends of Nigeria’s FX market in our December 2025 summary.

Nigeria’s headline inflation dropped to 14.45% in November 2025, marking its eighth straight month of moderation. However, this report reveals a hidden trend for month-on-month inflation.

This report reviews Nigeria’s FX market performance in November 2025, when the naira recorded its first depreciation after seven months of steady gains.

Nigeria’s economic growth slowed to 3.98% in Q3 2025, down from 4.23% in Q2 2025, but higher than the 3.86% recorded in Q3 2024.

October 2025 inflation eases again as food prices moderate across states in Nigeria.

Global economy shows steady recovery as inflation eases and trade flows strengthen in 2025.

Nigeria’s inflation fell sharply to 18.02% in September 2025. Read Credit Direct’s latest analysis.

Nigeria’s naira holds steady in September as reserves rise and investor confidence strengthens.

Nigeria’s GDP grew 4.23% in Q2 2025, driven by non-oil resilience, sectoral shifts, and oil recovery.

CBN cuts MPR to 27% after 3 years. See impact on credit, inflation, and growth outlook.

Nigeria’s inflation fell to 20.12% in August 2025. See highlights, state trends, and outlook in our latest report.

Nigeria’s FX market grew more stable in August 2025 as reserves rose and inflation slowed. Explore highlights and outlook from our latest FX Market Report.

Nigeria’s inflation eased to 21.88% in July 2025, driven by lower core inflation. Download our full report for key insights and state trends.

Explore key highlights from Nigeria’s June inflation report with a focus on states. Download the full analysis for deeper insights.

Explore key highlights from Nigeria’s May inflation report with a focus on states. Download the full analysis for deeper insights.

CBN holds rates steady as inflation slows. Find out what this means and what to expect in the coming months.

Get key insights on Nigeria’s April 2025 inflation trends, state breakdowns, and food price movements.