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Nigeria’s Hard-Won Inflation Gains Threatened by War in Iran - BLOOMBERG

MARCH 19, 2026

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Nigeria, which only recently cooled inflation from 31.5%, is back on alert as the Iran war drives up gasoline and diesel prices.

We have been “extremely vigilant,” Olayemi Cardoso, governor of the Central Bank of Nigeria said in an interview in London, while speaking on the possible inflationary impact of the Iran war. “We’re monitoring it on a daily basis and we will respond appropriately to ensure that at least we minimize the dysfunctional impact.”

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