Nigeria CBN monetary policy rate
Nigeria CBN monetary policy rate is 23 percent, in force since 22 Sep 2026, cited to Central Bank of Nigeria. It was 26.5 percent before that. Last checked against the official source on 24 Oct 2026.
Official source: Central Bank of Nigeria · Last checked 2026-10-24 · source fingerprint
Central Bank of Nigeria Monetary Policy Rate (MPR).
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| Current value | 23 percent |
|---|---|
| In force from | 2026-09-22 |
| Official source | Central Bank of Nigeria — Monetary Policy Decisions: 'Key Decisions of the Central Bank of Nigeria Monetary Policy Committee September 21-22, 2026. The Committee decided at the 307th meeting of the MPC held on 21st and 22nd September 2026, to: Reset the Monetary Policy Rate at 23 per cent.' (Communiqué No. 164, CBN/MPC/COM/164/307, 22 September 2026) |
| Last verified | 2026-10-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Reset from 26.5% to 23% at the 307th MPC (21-22 September 2026), announced 22 September 2026. The Standing Facilities Corridor was recalibrated to +50/-300bps around the MPR; CRR retained at 45% (DMBs) / 16% (merchant banks) / 75% (non-TSA public-sector deposits). The CBN describes the reset as an operational realignment of the MPR with market rates, not a change of stance. Decision date 2026-09-22. Read from cbn.gov.ng on 2026-10-24.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-02-24 | 26.5 | Central Bank of Nigeria — 306th MPC Communiqué (20-21 July… |
| 2025-09-23 | 27 | Central Bank of Nigeria — 302nd MPC, Communiqué No. 159 |
| 2024-11-26 | 27.5 | Central Bank of Nigeria |
Get it programmatically
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Other Nigeria series: Statutory late-payment interest · VAT standard rate · VAT registration threshold · National minimum wage · Public holidays · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Personal income tax brackets · CBN official exchange rate (NFEM volume-weighted average) · Statutory payroll contributions (employee) · Tax filing deadlines
The same figure elsewhere: Republic of the Congo · Rwanda · Senegal · South Africa · Tanzania · all 34