Following the 307th Monetary Policy Committee (MPC) meeting concluded on September 22, 2026, the Central Bank of Nigeria (CBN) announced a decisive 350-basis-point reduction in its benchmark Monetary Policy Rate (MPR), lowering it from 26.50% to 23.00%. Accompanied by a recalibration and narrowing of the standing facilities corridor from +50/450 bps to +50/-300 bps, the Standing Deposit Facility (SDF) rate was compressed to 20.00%, while the Standing Lending Facility (SLF) was set at 23.50%.
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