CardinalStone cuts Nigeria’s 2026 growth forecast to 4.2%, sees rate cuts after 2027 elections

CardinalStone has lowered its 2026 economic growth forecast for Nigeria to 4.2 percent from 4.4 percent, pointing to underperformance in key sectors alongside sustained high inflation and elevated interest rates. The investment firm also projects that monetary policy rate cuts will likely be delayed until after the 2027 general elections.