Nigeria policy interest rate
Central Bank of Nigeria Monetary Policy Rate (MPR).
| 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 | 2026-07-21 |
| 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 |
|---|---|---|
| 2024-11-26 | 27.5 | Central Bank of Nigeria |
| 2025-09-23 | 27 | Central Bank of Nigeria — 302nd MPC, Communiqué No. 159 |
Get it programmatically
curl https://afriref.dev/v1/ng/policy-rate
# $0.001 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: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates · official exchange rates · social contributions