CBN cuts interest rate: What it means for FG, businesses and Nigerians

CBN cuts MPR from 26.5% to 23%, potentially easing Nigeria’s debt burden and lowering business loan costs, but CPPE warns of FX market risks for firms and growth.

Aggregated · originally by Legit.ng

24 Sept 2026, 13:34 WAT · 3 min read

Read at source

CBN cuts interest rate: What it means for FG, businesses and Nigerians

CBN cuts MPR from 26.5% to 23%, potentially easing Nigeria’s debt burden and lowering business loan costs, but CPPE warns of FX market risks for firms and growth.

CBN cuts interest rate: What it means for FG, businesses and Nigerians

More on this story

We’re doing very well here, fuel is N3,000/ltr in UK – Okpebholo

Naira steadies at N1,328 per dollar after rate cut

Families reject Niger govt’s N100,000 condolence payment, demand justice