UPDATED: CBN cuts interest rate to 23%

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Who published it, and when

How it spread - 4 original reports

1. Tue, 22 September 2026

   2 reports
   • tribuneonlineng.com13:20first to reportedited after publishing
     UPDATED: CBN cuts interest rate to 23%

     previouslyBREAKING: CBN reduces interest rate to 23%

     The CBN on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.

   • AllAfrica14:39
     Nigeria: Central Bank Cuts Interest Rate

     [Premium Times] "It emphasised that the recalibration of the corridor does not constitute a change in the current monetary policy stance, but rather an operational reset to enhance the effectiveness of monetary policy and support the transition to an inflation targeting framework," CBN said.

2. Wed, 23 September 2026

   2 reports
   • opinionnigeria.com07:40
     Recalibrating MPR, A Proud Moment of Macroeconomic Stability from Volatility -By Isah Aliyu Chiroma

     Alongside this, Nigeria’s external sector has shown robust improvement. The balance of payments recorded a surplus of US$3.51 billion in Q2 2026, up from US$2.38 billion in the first quarter, and the current account surplus surged by nearly 68 percent. These trends have been bolstered by strengthening external reserves, which stood at US$55.25 billion as of mid-September—enough to finance over 11 months of imports, the highest level in 18 years.

   • opinionnigeria.com08:01
     Experts divided over CBN’s 3% interest rate slash

     CBN cuts the Monetary Policy Rate from 26.5% to 23%, as experts give mixed reactions over the impact on businesses, inflation and investment.