CBN Slashes Interest Rate to 27% as Inflation Eases
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 50 basis points, lowering it to 27% following the decision of the Monetary Policy Committee (MPC) on Tuesday in Abuja.

The Central Bank of Nigeria (CBN) has cut its benchmark interest rate by 50 basis points, lowering it to 27% following the decision of the Monetary Policy Committee (MPC) on Tuesday in Abuja.
Nigeria’s tier-2 banks are under mounting pressure to scale up operations or risk being swallowed in a wave of mergers as the Central Bank of Nigeria (CBN) drives its 2026 recapitalisation programme, a new report by SB Morgen (SBM) Intelligence has warned.