The Central Bank of Nigeria (CBN) has reduced interest rate from 27.5 per cent to 27 per cent.
CBN Governor Olayemi Cardoso announced this at a press conference in Abuja on Tuesday, September 23, 2025.
The rate adjustment was made by the CBN’s Monetary Policy Committee (MPC).
This marks a departure from the aggressive tightening monetary policy stance of the MPC since 2024.
NBS: Nigeria’s GDP rose by 4.23% in Q2 2025
Cardoso said the committee also decided to lower the Cash Reserve Ratio (CRR) to 45 per cent from 50 per cent for commercial banks, and retained it at 16 per cent for merchant banks.
He said the MPC also retained the Liquidity Ratio at 30 per cent, and adjusted the Asymmetric Corridor to +250/-250 basis points from +500/-100 basis points around the MPR.
The leadership of the Nigeria Democratic Congress (NDC) has moved to strengthen internal unity following…
Ghana midfielder Thomas Partey has reportedly been denied entry into Canada ahead of the Black…
Kaduna State Governor Uba Sani on Friday granted clemency to 97 inmates of the Kaduna…
Operatives of the Department of State Services (DSS) have arrested a suspected arms courier, Muhammad…
A winners’ medal earned by Brazilian football icon Pele during the 1958 FIFA World Cup…
Oyo State Governor, Seyi Makinde, has disclosed that students and teachers abducted by suspected bandits…
This website uses cookies.