Nigeria’s disinflationary trend is facing new headwinds as global energy prices surge. Coronation Asset Management projects headline inflation at 14.12% in February 2026, down from 15.10% in January, but warns that volatile energy costs are stifling progress.
While a stronger naira has eased food import pressures, rising crude benchmarks and higher pump prices (₦799/litre from ₦699) are driving transport and logistics costs upward, keeping core inflation sticky.
Analysts caution that geopolitical tensions and global food price upticks could reverse recent gains, leaving policymakers with the challenge of balancing external shocks against domestic stability.
