JUST IN: CBN Slashes Interest Rate to 27% — First In 2025

CBN Governor, Dr. Olayemi Michael Cardoso

The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate from 27.5 percent to 27 percent.

Gatekeepers News reports that CBN Governor Olayemi Cardoso announced the decision on Tuesday at a press briefing after the 302nd meeting of the Monetary Policy Committee (MPC) in Abuja.

This is a developing story…