Stability On The Horizon For Nigeria's Economy-effah

Nigeria's inflationary pressures may finally be easing, as economic indicators suggest a shift towards stability in 2025, as analysts predict inflation rates between 27 and 30.

Speaking on Newscentral's Business Edge on Tuesday, Senior Business Developer at Purime Africa, Daniel Effah, says he believes the country is moving into a "disinflationary era" in the first two quarters of the year.

"I feel that weve gotten to a point of our peak when it comes to consistent rising prices, Effah said, adding that Inflation is not expected to move at the same pace like it did across 2024.

He attributes this projected decline to increasing stability in key macroeconomic areas, particularly petroleum prices and foreign exchange rates.

Petroleum prices are stabilising. Weve gotten a structure on who the sellers are", he noted, adding that oil prices are expected to remain within the 70-73 per barrel range throughout 2025.