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SEPTEMBER INFLATION REPORT
Summary: Headline Disinflation Strengthens, but Underlying Price Pressures Persist Nigeria’s headline inflation moderated to 14.63% y/y in September from 15.39% in August, extending the disinflation
SpringHill Capital
October 21, 2026
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Summary: Headline Disinflation Strengthens, but Underlying Price Pressures Persist
Nigeria’s headline...
The Composite Purchasing Managers’ Index (PMI) rose again to 53.0 points from 52.7 in August showing...
The August CPI numbers released by NBS shows that headline inflation moderated marginally to 15.39% y/y...
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Discussion Point:
Nigeria’s $4.6bn balance-of-payments surplus eases short-term FX pressure, but persistent...
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