empty
 
 

24.02.202615:00:00UTC+00Nigeria Eases Monetary Policy as Benchmark Rate Slips to 26.50%

Nigeria has trimmed its key interest rate to 26.50%, down from a previous level of 27.00%, according to the latest data updated on 24 February 2026. The move marks a slight easing in monetary policy following a period of very tight rates.

The decision signals a cautious shift by Nigerian authorities, who had maintained elevated borrowing costs to combat inflation and support currency stability. By reducing the benchmark rate by 0.50 percentage points, policymakers may be seeking to provide limited relief to borrowing costs for businesses and consumers, while still keeping financial conditions relatively restrictive.

Investors and market participants will be watching closely to see how the rate adjustment affects credit demand, inflation dynamics, and overall economic activity in Africa’s largest economy in the coming months.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback