CBN Pulls the Brake: What the 23% Interest Rate Means for Nigerians
The Central Bank of Nigeria’s decision to cut its benchmark interest rate by 350 basis points (from 26.5 per cent to 23 per cent) marks a significant shift in the country’s monetary policy direction. Announced after the 307th meeting of the Monetary Policy Committee (MPC) on September 22, 2026, the decision represents the largest single…
