NewsBreakNigeria
USD/NGN 1,328.37GBP/NGN 1,772.75USD/NGN black market ₦1,390GBP/NGN black market ₦1,880EUR/NGN 1,521.26JPY/NGN 8.44CAD/NGN 945.16
USD/NGN 1,328.37GBP/NGN 1,772.75USD/NGN black market ₦1,390GBP/NGN black market ₦1,880EUR/NGN 1,521.26JPY/NGN 8.44CAD/NGN 945.16

CBN slashes rate in record cut as benchmark catches up with market

Nigeria’s central bank surprisingly delivered its biggest single interest-rate cut on record, slashing the benchmark by 350 basis points to read more CBN slashes rate in record cut as benchmark catches up with market

Aggregated · originally by BusinessDay
23 Sept 2026, 06:04 WAT · 3 min read
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CBN slashes rate in record cut as benchmark catches up with market

Nigeria’s central bank surprisingly delivered its biggest single interest-rate cut on record, slashing the benchmark by 350 basis points to read more CBN slashes rate in record cut as benchmark catches up with market