Nigeria business activity expands, inflation eases to 15.39% in August

Nigeria's business activity expanded in September per CBN data, while household confidence weakened. Headline inflation eased marginally to 15.39% in August from 15.43% in July, with month-on-month inflation falling sharply to 0.71% from 1.57%. The divergence between business expansion and weak household confidence suggests uneven recovery, with disinflation supporting but not yet translating into consumer optimism.