The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent from 27 per cent.
CBN Governor Olayemi Cardoso announced this at a press conference in Abuja on Tuesday, February 24, 2026.
The MPR, which serves as the benchmark interest rate, is a key tool used by the apex bank to manage inflation, liquidity and overall macroeconomic stability.
Cardoso disclosed that the Monetary Policy Committee (MPC) members also retained the asymmetric corridor at +50 and -450 basis points around the MPR.
The CBN boss said the committee retained the Cash Reserve Ratio (CRR) at 45 per cent for deposit money banks and 16 per cent for merchant banks.
He added that the committee decided to keep the liquidity ratio unchanged at 30 per cent.
