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monetary policy 2026

  • Business

Naira Steadies As CBN Retains Interest Rate At 26.5%

Daniel Otera3 months ago03 mins

  Nigeria’s currency held firm against the United States Dollar in the early hours of Thursday, May 21, 2026, trading at 1,371.25 per Dollar in the Nigerian Foreign Exchange Market, the official window for formal currency trade, following the Central Bank of Nigeria’s decision to retain its benchmark interest rate unchanged. The Monetary Policy Committee…

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  • Business

CBN Holds Interest Rate at 26.5% Amid Inflation Rise

Daniel Otera3 months ago03 mins

Nigeria’s Central Bank has opted to hold its benchmark lending rate steady at 26.5 per cent, resisting pressure from a fresh uptick in inflation and global economic uncertainty that analysts say tilted the policy balance firmly toward caution. CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the 305th meeting of…

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Recent Posts

  • Paper Optimism vs. Factory Floor Reality: Decoding the MAN CEO Confidence Surge
  • CBT Will Help End ‘Miracle Centres’ — WAEC
  • PDP Accuses Tinubu Govt of Eroding Democracy
  • Peter Obi’s 2027 Chances In North Divide Analysts, Youth Leaders
  • Rivers Youths Defy Wike, Pledge To Reject APC,  Tinubu In 2027

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