CBN reduces interest rate to 27%

The Central Bank of Nigeria (CBN) has lowered the country’s interest rate by 50 basis points to 27%, marking the first rate cut in 2025. CBN Governor Olayemi Cardoso announced the decision during a press briefing on Tuesday following the 302nd Monetary Policy Committee (MPC) meeting in Abuja. The reduction comes after three consecutive pauses … [Read more…]









