‎CBN Rate Cut: When Stability Begins to Reach the Real Economy, by Kabir AbdulSalam ‎ ‎For a small business owner who has watched the cost of borrowing rise, a reduction in the Central Bank of Nigeria’s benchmark interest rate is more than a figure announced after...

The Lagos Chamber of Commerce and Industry has urged commercial banks to lower lending rates and expand credit to businesses following the Central Bank of Nigeria’s 350-basis-point reduction in its benchmark interest rate.

The Monetary Policy Committee of the Central Bank of Nigeria has cut the benchmark interest rate to 23 per cent from 26.5 per cent.

United Capital Plc has projected that interest rates in Nigeria will remain elevated through the second half of 2026 as inflationary pressures persist.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the benchmark interest rate at 26.5 per cent.

CBN Keeps Rates Unchanged Despite OPS Warnings on Manufacturing Slowdown   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday retained the benchmark interest rate at 26.5 per cent, citing rising external risks, renewed inflationary pressure, and the need to sustain...