5 results for “interest rates”
The Central Bank of Nigeria lowered its benchmark interest rate by 350 basis points on September 22, 2026, the steepest cut on record, as inflation eased for a third straight month and reserves strengthened.
The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.
Nigeria's central bank has delivered its largest-ever cut to the benchmark rate. The question now is whether banks will pass it on to the businesses and households that need affordable credit.
The 350-basis-point reduction marked a larger step in the easing cycle, though borrowing costs will still depend on liquidity, bank funding and credit risk.
The secured overnight reference rate is intended to improve pricing transparency and give financial contracts a more reliable base rate.