NewsBreakNigeria
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%
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%

Experts say CBN’s surprise rate cut could boost growth, pressure FX

Financial and economic experts have described the Central Bank of Nigeria's (CBN) decision to reduce its benchmark interest rate from 26.5% to 23% as a welcome but unexpected move, marking the first major reduction of…

Aggregated · originally by Nairametrics
23 Sept 2026, 08:04 WAT · 3 min read
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Experts say CBN’s surprise rate cut could boost growth, pressure FX

Financial and economic experts have described the Central Bank of Nigeria's (CBN) decision to reduce its benchmark interest rate from 26.5% to 23% as a welcome but unexpected move, marking the first major reduction of…