Nigeria's inflation rate moderated to 15.43% in July while silver prices fell near $65.50.
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Nigeria's Consumer Price Index (CPI) moderated to 15.43% in July, down from 15.91% in June, representing a 0.48% drop, per the National Bureau of Statistics (NBS) via ThisDay. The decline persists despite severe food price surges in Adamawa, Yobe, and Anambra.
Neconde Energy and Nestoil have dismissed reports of a $60 million recovery by the EFCC as "malicious" and "deceitful." The firms stated a meeting with the agency was not a probe but a discussion regarding a commercial dispute with a lender.
In commodities, silver (XAG/USD) fell to near $65.50 amid uncertainty regarding US-Iran peace talks per FXStreet. Separately, options investors are positioning for a trend in gold prices, according to Susquehanna via CNBC.
Swig, the "dirty soda" chain, is expanding beyond Utah, with locations outside the state performing roughly 40% to 50% better than in-state stores per Fox Business. The chain now operates in 23 states.
Sources: 1. ThisDay: Inflation Moderates to 15.43% Despite Surge in Food Prices — https://www.thisdaylive.com/2026/08/18/inflation-moderates-to-15-43-despite-surge-in-food-prices/ (src1) 2. ThisDay: Neconde/Nestoil Respond to ‘Malicious, Despicable’ Report on Alleged $60 Million EFCC Recovery — https://www.thisdaylive.com/2026/08/18/neconde-nestoil-respond-to-malicious-despicable-report-on-alleged-60-million-efcc-recovery/ (src2) 3.