Nigeria Central Bank reduces interest rate as inflation eases
Governor Olayemi Cardoso announced a 50 basis point cut to the monetary policy rate today. The move follows a steady decline in national inflation levels.
The Central Bank of Nigeria 
NG reduced its monetary policy rate by 50 basis points to 26.50% on February 24, 2026, marking a shift in the official monetary policy stance. Governor Olayemi Cardoso stated that the decision reflects a balanced assessment that ongoing disinflation will continue. The move by the Monetary Policy Committee follows a period where the policy rate was held steady at the November meeting.
NG reduced its monetary policy rate by 50 basis points to 26.50% on February 24, 2026, marking a shift in the official monetary policy stance. Governor Olayemi Cardoso stated that the decision reflects a balanced assessment that ongoing disinflation will continue. The move by the Monetary Policy Committee follows a period where the policy rate was held steady at the November meeting.
