Nigeria's Interbank Rate Hits 11-Month Low Amid Funding Pressure Easing
Nigeria's interbank call rate has fallen to an 11-month low of 24.5% in October 2025, reflecting improved liquidity in the banking system following the Central Bank of Nigeria's (CBN) gradual interest rate cuts. Factors contributing to the decline include low borrowing by the federal government in the domestic market, improved liquidity in the financial system, and adjustments in the cash reserve ratio.
Experts like Ayokunl Olubunmi, Ayodel Akinwunmi, and Tilewa Adebajo attribute the rate cut to positive monetary policy adjustments. The reduction in the interbank rate indicates an improving macroeconomic environment and lower interest rates across various market segments.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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