CBN Lowers Interest Rate to 26.5% in Latest Cut

On Tuesday, during the 304th meeting of the Monetary Policy Committee (MPC) in Abuja, the Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, announced a reduction in the benchmark interest rate to 26.5%. This marks the second consecutive cut, following a previous reduction of 50 basis points implemented in September 2025.

The MPC's decision comes in response to a decline in Nigeria's headline inflation, which eased to 15.10% in January 2026. The CBN aims to support economic growth and stabilize the financial environment through this monetary policy adjustment.