NewsBreakNigeria
USD/NGN 1,334.42 ▴0.1%GBP/NGN 1,787.16 ▴0.4%USD/NGN black market ₦1,380GBP/NGN black market ₦1,845EUR/NGN 1,498.85 ▴0.2%JPY/NGN 8.44 ▴0.2%CAD/NGN 949.89 ▴0.2%
USD/NGN 1,334.42 ▴0.1%GBP/NGN 1,787.16 ▴0.4%USD/NGN black market ₦1,380GBP/NGN black market ₦1,845EUR/NGN 1,498.85 ▴0.2%JPY/NGN 8.44 ▴0.2%CAD/NGN 949.89 ▴0.2%

Nigeria’s Interest Rate Reset: What the Reduction in MPR Means for Businesses

Nigeria’s decision to reduce its Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent represents a significant shift in the country’s monetary policy direction, with important implications for businesses,…

Aggregated · originally by Nairametrics
22 Oct 2026, 10:30 WAT · 3 min read
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Nigeria’s Interest Rate Reset: What the Reduction in MPR Means for Businesses