Nigeria, Sept. 16 -- The CBN's monetary policymakers have warned that recent gains in stabilising the economy could be undermined by global trade tensions, oil market volatility and domestic cost pressures, even as inflation shows signs of easing.

At the July meeting of the Monetary Policy Committee (MPC), members noted that year-on-year inflation has begun to moderate and that exchange rate stability, stronger foreign reserves and a trade surplus were providing a firmer footing for the economy. But they cautioned that the outlook remained fragile.

Nigeria's headline inflation eased for the fifth straight month in August, dropping to 20.12 per cent from 21.88 per cent in July, offering some respite to households struggling with high liv...