NewsBreakNigeria
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USD/NGN 1,330.69GBP/NGN 1,779.60USD/NGN black market ₦1,389GBP/NGN black market ₦1,879EUR/NGN 1,526.44JPY/NGN 8.46CAD/NGN 948.94

Find out more as CBN announces biggest interest rate cut, loans may get cheaper

The CBN cuts benchmark interest rate by 350 basis points to 23% as Nigeria's inflation eases, potentially lowering borrowing costs for businesses.

Aggregated · originally by Legit.ng
22 Sept 2026, 15:45 WAT · 3 min read
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Find out more as CBN announces biggest interest rate cut, loans may get cheaper

The CBN cuts benchmark interest rate by 350 basis points to 23% as Nigeria's inflation eases, potentially lowering borrowing costs for businesses.