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What the numbers are telling us
Analysis, alerts and explainers from our research team, plus the news that moved the figures this week.
Reports new official figures as they are released, with little interpretation.
Our analysis and commentary: what the figures mean and why they matter.
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Analysis and commentary
Headline inflation slows to 14.63% in September
Down from 15.39% in August, according to the National Bureau of Statistics. Food inflation stood at 19.59% year on year.
GDP grew 4.43% in Q2 2026
Nigeria's real GDP grew 4.43% year on year in the second quarter of 2026, with oil and services leading the pickup.
InsightAnalysis · Monetary policyCBN holds the MPR at 26.5%
The Central Bank of Nigeria's Monetary Policy Committee kept the policy rate at 26.5% in July 2026, unchanged since February's cut, with naira stability…
Inside the ₦68.32 trillion 2026 budget
The 2026 federal budget, signed in April, allocates ₦32.2 trillion to capital spending, ₦15.8 trillion to debt service and ₦15.4 trillion to recurrent costs.
InsightAnalysis · TaxationThe new tax laws in seven numbers
From the ₦800,000 personal income tax exemption to the 4% development levy, the key figures in the tax laws that took effect on 1…
New official figures
Short notes on new releases. For interpretation, see the insights above.
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