Nigeria Central Bank Holds amid Transitory War Impact

Global Business insights · May 21, 2026 · 14m

Nigeria’s CBN held rates at 26.5% as April inflation rose to 15.7%, describing the energy-driven pressure on prices as transitory. The UK surprised with CPI cooling to 2.8% and softer services inflation, even as fuel costs climbed. South Africa’s inflation jumped to 4.0%, raising SARB hike odds. Meanwhile, crude oil supply disruption and falling inventories keep oil markets tight. Nvidia reported better than expected revenue and forecasts and is returning $80B in buybacks and boosting dividend. Plus trade deals from EU-US tariff talks and UK-Gulf states.

0:00 Introduction

0:05 CBN Holds rates…