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Home » Nigeria cuts interest rates for the first time in five years
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Nigeria cuts interest rates for the first time in five years
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Staff Writer
September 24, 2025
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The move matched the median forecast of five economists polled by Bloomberg.
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Nigeria’s central bank cut its key interest rate for the first time since the Covid-19 pandemic in 2020, amid slowing inflation and a recent strengthening in the naira.The 12-member monetary policy committee lowered the benchmark rate to 27% from 27.5%, Governor Olayemi Cardoso told a briefing in the capital, Abuja, on Tuesday.Login to view the full contentYou need to log in to view the full post content. Login
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