…The latest CBN adjustment follows a similar 50-basis-point reduction in September 2025,
ABUJA, NIGERIA- The iNews Times | The Monetary Policy Committee of the Central Bank of Nigeria has lowered the benchmark interest rate to 26.5 per cent.
The decision marks the second rate cut by the MPC under the current leadership of the apex bank.
Governor Olayemi Cardoso announced the move on Tuesday at the conclusion of the committee’s 304th meeting in Abuja.
According to Cardoso, “The Committee resolved to cut the monetary policy rate by 50 basis points to 26.5 per cent.”
The latest adjustment follows a similar 50-basis-point reduction in September 2025, after which the rate was retained at the November 2025 MPC meeting.
It was reported that the rate cut comes amid a moderation in Nigeria’s headline inflation, which eased to 15.10 per cent in January 2026.
Details later…
