CBN

The Manufacturers Association of Nigeria (MAN) welcomed the CBN Monetary Policy Committee’s decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23 percent from 26.5 percent, but said the key issue for businesses was the cost of actual bank loans.

The Central Bank of Nigeria’s reduction of its benchmark rate from 26.5% to 23% offers businesses a reason to watch for cheaper credit.

The Centre for the Promotion of Private Enterprise (CPPE) has called on Nigerian banks to reduce lending rates following the Central Bank of Nigeria’s 350-basis-point cut in the Monetary Policy Rate.

Nigeria has entered the final months of 2026 with stronger external and domestic buffers, but the Central Bank of Nigeria (CBN) says a tougher global environment could still disrupt the improvement.

The Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points has opened a new phase in monetary policy, with economists divided over how quickly the reduction will translate into cheaper credit and stronger economic activity.

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso said the bank had developed different scenarios for managing the expected increase in money circulation during the election period and would base its response on economic data rather than assumptions.

The Central Bank of Nigeria (CBN) has cut its benchmark Monetary Policy Rate (MPR) by 350 basis points to 23 percent, from 26.5 percent.

Credit to Nigeria’s private sector rose for the third consecutive month in August 2026, reaching ₦84.55 trillion, according to the latest data from the Central Bank of Nigeria.

Nigeria’s equities market returned to FTSE Russell’s Frontier Market classification on Monday, September 21, bringing eligible Nigerian stocks back into the FTSE Frontier Index Series.

Nigeria’s Monetary Policy Committee opens its 307th meeting on Monday, September 21, with inflation easing for a second consecutive month, gross external reserves climbing to $54.61 billion and the naira trading around ₦1,329.86 per dollar at the official market.