Nigeria’s inflation rate fell again for the seventh consecutive month to 16.1 per cent, well below many economists’ projections, making leeway for a sizable reduction in the benchmark rate. Annual inflation decelerated to 16.1 per cent in October from 18,02 per cent in the previous month, as reported by the National Bureau of Statistics (NBS). BusinessDay’s survey of eight economists had projected a fall in the inflation rate to 17 – 17.8 per cent. Analysts at CardinalStone projected further moderation in inflation, as the drivers that were obtainable in September 2025 are likely to persist......................….......READ MORE