The Central Bank of Nigeria’s Monetary Policy Committee voted to cut the benchmark Monetary Policy Rate by 50 basis points or 0.5% to 26.5% on Tuesday, February 24th 2026.
This is the second rate cut the CBN will be considering in about a year as it continues to deploy orthodox tools to fight back inflation and retain monetary stability.
The decision of the committee was predicated on three main reasons, which we will break down in an explanatory format.
