The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) to 23 per cent from 26.50 per cent.
CBN Governor Olayemi Cardoso announced the development at a news conference in Abuja on Tuesday, September 22, 2026.
Cardoso said the Monetary Policy Committee (MPC) of the apex bank reset the MPR to 23 per cent its 307th meeting.
He added: “Standing Facilities Corridor: Recalibrated at +50 / -300 basis points around the MPR.
“Cash Reserve Requirement(CRR): Retained at 45% for Deposit Money Banks, 16% for Merchant Banks, and 75% for non-TSA public sector deposits.”
The Economic and Financial Crimes Commission (EFCC) has unveiled an interfaith manual to enlist religious…
The Sultan of Sokoto, Sa’ad Abubakar III, has cautioned politicians and public office holders against…
The Nigeria Security and Civil Defence Corps has arrested three men over alleged vandalism of…
Nigeria and the European Union are intensifying efforts to conclude a long-delayed agreement on the…
The Nigerian Army has called for stronger collaboration with defence journalists to promote accurate and…
The Nigeria Customs Service has completed the final stage of its 2025 recruitment exercise for…
This website uses cookies.