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Nigeria Cuts Interest Rate for First Time Since 2020

Nigeria Cuts Interest Rate for First Time Since 2020

Sputnik Africa

Nigeria Cuts Interest Rate for First Time Since 2020The Central Bank of Nigeria lowered its benchmark rate by 0.5 percentage points to 27%. The move aims to... 23.09.2025, Sputnik Africa

2025-09-23T20:43+0200

2025-09-23T20:43+0200

2025-09-23T20:44+0200

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Nigeria Cuts Interest Rate for First Time Since 2020The Central Bank of Nigeria lowered its benchmark rate by 0.5 percentage points to 27%. The move aims to support growth as inflation fell to 20.1% in August, marking a fifth consecutive monthly decline and relief from high living costs, central bank governor Olayemi Cardoso said.AI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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