CBN interest rate cut Archives - Independent Digital News Network

CBN Rate Cut: OPS Says Relief Still Marginal

The Central Bank of Nigeria cut rates for the first time in five years, lowering the MPR to 27%. But the Organised Private Sector says relief remains marginal for businesses battling high borrowing costs.

CBN Cuts Interest Rate to 27% in First Easing Since 2020

IDNN4 months ago4 months ago0

The Central Bank of Nigeria has cut its key lending rate by 50 basis points to 27%, the first easing in five years, citing disinflation and improved macroeconomic stability.