The Central Bank of Nigeria lowers interest rate to 26.5%

2026-02-25 00:50:20

Investing.com – Nigeria’s central bank cut interest rates by 50 basis points to 26.50% on Wednesday, restarting an easing cycle after holding rates steady in November.

At the last monetary policy committee meeting in November, the central bank kept rates at 27.00%. Governor Godwin Emefiele stated that inflation risks are balanced, indicating the possibility of further rate cuts in the future.

The central bank maintained the standing facilities corridor at +50/-450 basis points and kept the bank’s cash reserve requirement unchanged.

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