CBN keeps interest rate steady at 26.5 percent
The Central Bank of Nigeria’s Monetary Policy Committee has decided to maintain the benchmark interest rate at 26.5 per cent. Olayemi Cardoso, the CBN Governor, announced this decision at the end of the committee’s 305th meeting in Abuja. The move comes after recent changes in Nigeria’s inflation rate and follows previous adjustments in monetary policy. The latest inflation figures show a slight increase, as reported by the National Bureau of Statistics.
TLDR
- The Central Bank of Nigeria’s Monetary Policy Committee held the interest rate at 26.5 per cent.
- Olayemi Cardoso made the announcement after the committee’s 305th meeting in Abuja.
- The decision follows a 50-basis-point cut announced in February 2026 and a hold at the MPC briefing in November 2025.
- Nigeria’s headline inflation rose to 15.69 per cent in April 2026 from 15.38 per cent in March 2026.
- The inflation increase represents a 0.31 percentage point rise, according to the National Bureau of Statistics.
