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INTEREST RATES
News and analysis about interest rates
The Central Bank of Nigeria (CBN) closed September with two Open Market Operations (OMO) auctions that attracted N12.14 trillion in bids...
Nigerian businesses identified high or multiple taxation, insecurity and high interest rates as their biggest constraints in September 2026.
The Central Bank of Nigeria (CBN) sold approximately N4.686 trillion in Open Market Operations (OMO) bills at its September 29, 2026 auction, nearly double the N2.5 trillion originally offered and almost twice the N2.433 trillion OMO repayment maturing on the same day.
The Central Bank of Nigeria (CBN) has scheduled a N2.5 trillion Open Market Operations (OMO) auction for September 29, 2026, as a N2.433 trillion OMO repayment matures on the same day, creating a near one-for-one match between the fresh offer and liquidity injection.
Nigeria dropped to third position in September 2026 from second in July among 10 African countries with the highest monetary policy rates, after the Central Bank of Nigeria cut its benchmark interest rate by 350 basis points.
Credit to Nigeria’s private sector fell to N75.8 trillion in August 2025 from N76.12 trillion in June 2025.
CEO of Nairametrics, Ugo Obi-Chukwu, has projected that commercial banks in Nigeria will begin to lower interest rates on loans in 2026, following a period of aggressive capital accumulation and strong profitability.
For the first time in many months, Nigeria’s inflation numbers have given policymakers reason to exhale.
Nigeria’s latest inflation report, showing continued deceleration, has sparked mixed reactions across the country, with economic experts welcoming the development while citizens on social media questioned its impact on everyday living.
Nigerian businesses are currently battling soaring loan interest rates from commercial banks, ranging between 29% and 36%, adding pressure to an already fragile economy.
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has projected a future decline in interest rates, citing easing inflation and improved capital allocation efficiency as key drivers.
The Debt Management Office (DMO) has launched the August 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors attractive interest rates of up to 15.401% per annum.