CBN Lowers Benchmark Interest Rate To 26.5%
The Central Bank of Nigeria‘s Monetary Policy Committee has made the decision to reduce the nation’s key interest rate, bringing it down to 26.5 percent.
The decision was announced on Tuesday by the Governor of the apex bank, Olayemi Cardoso, at the end of the MPC’s 304th meeting held in Abuja.
Cardoso disclosed that members of the committee agreed to trim the Monetary Policy Rate by 50 basis points.
“The Committee decided to reduce the monetary policy rate by 50 basis points to 26.5 percent,” he stated.
The latest adjustment marks the second rate cut under the current leadership of the central bank. It follows a similar 50-basis-point reduction carried out in September 2025, after which the committee maintained a hold at its November 2025 meeting.
The rate cut comes amid a moderation in inflationary pressures, with Nigeria’s headline inflation easing to 15.10 percent in January 2026.
Publisher,
Lagos Post Online,
Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice.
Email: lagospostng@gmail.com
