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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

Naira may depreciate following CBN’s 350bps rate cut – Rewane

The naira may face depreciation pressure following the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23%, according to Bismarck Rewane, Managing Director of…

Aggregated · originally by Nairametrics
23 Sept 2026, 14:32 WAT · 3 min read
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Nairametrics

The naira may face depreciation pressure following the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23%, according to Bismarck Rewane, Managing Director of…