The Central Bank of Nigeria's Monetary Policy Committee (MPC) has lowered the benchmark interest rate by 50 basis points, from 27.5% in July to 27%, at its 302nd meeting held September 22–23, 2025.CBN Governor Olayemi Cardoso said the move reflects … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader CBN cuts interest rate to 27% as disinflation spurs growth push By Busola Bamidele on September 23, 2025 The Central Bank of Nigeria's Monetary Policy Committee (MPC) has lowered the benchmark interest rate by 50 basis points, from 27.5% in July to 27%, at its 302nd meeting held September 22–23, 2025. CBN Governor Olayemi Cardoso said the move reflects five consecutive months of disinflation, projections of lower inflation for the rest of the year, and the need to stimulate economic growth. Cash Reserve Requirement (CRR): Reduced to 45% for commercial banks, retained at 16% for merchant banks, and a new 75% CRR on non-TSA public sector deposits for liquidity control.Maintained at 30%.. Read also: CBN cuts interest rate to 27% as disinflation spurs growth push ECOWAS pushes digital trade systems to boost regional integration Nigeria can surpass U.S. economy by harnessing youth talent – Shettima FG orders swift payment to agro-dealers as AfDB releases N30bn for farmers China,Tanzania agribusiness pact boosts farmers, food security The MPC noted Nigeria's improving macroeconomic indicators, citing sustained disinflation, stronger GDP growth, a stable exchange rate, and healthier external reserves. Nigeria's economy expanded by 4.23% year-on-year in Q2 2025, up from 3.48% in Q2 2024. Industry led with 7.45% growth, while agriculture and services grew 2.82% and 3.94% respectively. Nominal GDP rose to N100.73 trillion, a 19.23% increase from N84.48 trillion a year earlier.

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