CBN Slashes Interest Rate to 27%: What This Means for Nigerians and the Future of Fintech
The Central Bank of Nigeria (CBN) has announced a reduction in the monetary policy rate (MPR) to 27%, marking the first decline since the onset...
The Central Bank of Nigeria (CBN) has announced a reduction in the monetary policy rate (MPR) to 27%, marking the first decline since the onset of the COVID-19 pandemic in 2020. This adjustment follows a period of stability, with the rate held steady at 27.5% during the February, May, and July 2025 Monetary Policy Committee...