The Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate at 26.5 percent following the monetary policy committee’s 305th meeting in Abuja.
CBN Governor, Olayemi Cardoso announced the decision this Wednesday, saying the committee opted to maintain the current monetary policy stance.
According to the national bureau of statistics, the move comes amid a slight rise in inflation, with Nigeria’s headline inflation increasing to 15.69 percent in April from 15.38 percent in march, 2026.