Nigeria CBN monetary policy rate
Nigeria CBN monetary policy rate is 26.5 percent, in force since 24 Feb 2026. It was 27 percent before that. Last checked against the official source on 14 Sep 2026.
Central Bank of Nigeria Monetary Policy Rate (MPR).
Compare policy interest rate across all 34 African countries →
| Current value | 26.5 percent |
|---|---|
| In force from | 2026-02-24 |
| Official source | Central Bank of Nigeria — 306th MPC Communiqué (20-21 July 2026), Monetary Policy Decisions |
| Last verified | 2026-09-14 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Cut 50bps to 26.5% at the 304th MPC (23-24 Feb 2026); HELD at 26.5% at the 305th MPC (19-20 May 2026) and again at the 306th MPC (20-21 July 2026). At the 306th, the CBN also retained CRR at 45% (DMBs) / 16% (merchant banks) / 75% (non-TSA public-sector deposits) and the Standing Facilities Corridor at +50/-450bps around the MPR, citing global uncertainties. Re-confirmed against the CBN Monetary Policy Decisions page on 2026-07-21.
Earlier values
| From | Value | Source |
|---|---|---|
| 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
curl https://afriref.dev/v1/ng/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/ng/policy-rate/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/ng/policy-rateOther 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)
The same figure elsewhere: Republic of the Congo · Rwanda · Senegal · South Africa · Tanzania · all 34