CBN Slashes Interest Rate to 23% in Major Monetary Policy Reset
The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate from 26.5 per cent to 23 per cent, in a major adjustment aimed at strengthening monetary policy transmission and aligning the country’s monetary framework with prevailing economic conditions. The decision was announced on Tuesday, September 22, 2026, by CBN Governor, Olayemi Cardoso, following…