According to Lukman Otunuga, a senior Market Analyst at FXTM, the Central Bank of Nigeria (CBN) may lower interest rates by up to 100 basis points on Tuesday as inflationary pressures subside. The forecast is ahead of the results of the Monday–Tuesday meeting of the CBN Monetary Policy Committee.According to Otunuga, the case for policy easing has been strengthened by falling inflation. Otunuga claims that in October 2025, Nigeria’s annual inflation rate dropped to 16.05%, the lowest level since March 2022. He pointed out that the CBN has “breathing room” to cut rates in an effort to boost economic growth following a protracted period of tightening due to ongoing indications of diminishing pricing pressures. The expert noted that when Nigeria releases its third-quarter GDP statistics on November 28, more information on the nation’s economic trajectory will become available. In relation to growth, Nigeria’s Q3GDP was released on November 28. More indications of rebounding GDP might improve mood and motivate the CBN to pursue its expansionary monetary policy, he stated. Otunuga pointed out that despite growing expectations for a US rate decrease in December, equities markets have already started off on a high note, with tech driving advances.
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