...Forecast strengthens case for MPC hold next week BusinessDay's Inflation Nowcast estimates headline inflation at 15.9 percent in June, with a likely range of 15.7 to 16.1 percent, ahead of the National Bureau of Statistics' official release on July 15. If confirmed, the figure would be marginally below May's 15.93 percent, ending three consecutive months of rising inflation. But the significance lies less in the small decline than in what it suggests about Nigeria's inflation cycle. After falling steadily for eleven consecutiv