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USD/NGN 1,328.37 ▾0.2%GBP/NGN 1,772.75 ▾0.4%USD/NGN black market ₦1,390GBP/NGN black market ₦1,880EUR/NGN 1,521.26 ▾0.3%JPY/NGN 8.44 ▾0.2%CAD/NGN 945.16 ▾0.4%

CPPE urges banks to lower lending rates after CBN’s 350bps cut

The Centre for the Promotion of Private Enterprise (CPPE) has urged Nigerian banks to reduce lending rates following the Central Bank of Nigeria’s (CBN) 350-basis-point cut in the Monetary Policy Rate (MPR), saying the…

Aggregated · originally by Nairametrics
23 Sept 2026, 07:35 WAT · 3 min read
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CPPE urges banks to lower lending rates after CBN’s 350bps cut

The Centre for the Promotion of Private Enterprise (CPPE) has urged Nigerian banks to reduce lending rates following the Central Bank of Nigeria’s (CBN) 350-basis-point cut in the Monetary Policy Rate (MPR), saying the…