The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday retained the benchmark Monetary Policy Rate at 26.5 per cent at the end of its 305th meeting.
Nigeria’s flagship crude grade, Bonny Light, is trading at about $117 per barrel, edging closer to $120, as the U.S.–Iran conflict continues to disrupt global oil markets.
Under the leadership of Olayemi Cardoso, the Central Bank of Nigeria (CBN) has increasingly demonstrated how employee relations can serve as a strategic public relations tool.
The Central Bank of Nigeria (CBN) says 63.3% of Nigerians want interest rates reduced, according to its April 2026 Inflation Expectations Survey Report, ahead of the Monetary Policy Committee (MPC) meeting scheduled for May 19–20.
Inflation Forecast to Hit 15.95% in Sceond Straight Monthly Rise
Nigeria’s cooling inflation era has hit a significant geopolitical roadblock. After nearly a year of steady decline, headline inflation is projected to climb for the second consecutive month, reaching 15.95 per cent in April 2026.
According...
