The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5 per cent in July to 27 per cent. The decision was reached during the Committee’s 302nd meeting, held on 22 and 23 September 2025. The asymmetric corridor around […]
Nigeria increased its external debt repayment by 49 per cent year-on-year, according to recent international payment data from the Central Bank of Nigeria (CBN). Between January and April 2025, the Federal Government spent $2.01 billion servicing foreign debt, up from $1.33 billion during the same period in 2024. Debt servicing accounted for 77.1 per cent […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 27.5 per cent, keeping all other key policy parameters unchanged. The decision was announced by CBN Governor Olayemi Cardoso following the committee’s meeting held on 19 and 20 May. The MPC also maintained the asymmetric corridor […]
