Nigeria Inflation Holds at 15.91%: Will CBN Cut Rates?

Global Business insights · Jul 15, 2026 · 14m

Nigeria’s June inflation was largely unchanged at 15.91%, but food prices and energy-cost risks remain key concerns. As the Central Bank of Nigeria prepares for its July MPC meeting, investors and analysts are not expecting rate cuts. Instead, they are watching for signals on how the apex bank is interpreting the data and recent geopolitical developments. Nigeria’s reforms are beginning to deliver results as the country continues to prioritise and incentivise foreign investment inflows.

In the US, major banks continue to deliver strong Q2 earnings, appearing largely unaffected by the US-Iran…