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MONETARY POLICY RATE
The Nigerian currency is projected to trade stable to bullish, with a 6-month target in the N1,250/$-1350/$ corridor, supported by CBN interventions and market confidence.
Banks cut their deposits with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF) by N941.85 billion to N3.76 trillion on October 7, 2026, marking the largest single-day reduction since September 30.
The Central Bank of Nigeria (CBN) has provided clarity on its decision to reduce the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5% to 27%.
The Manufacturers Association of Nigeria (MAN) has expressed optimism that the recent decision by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to lower the Monetary Policy Rate (MPR) by 50 basis points will pave the way for deeper cuts in lending rates to support the country’s struggling manufacturing sector.
With inflation remaining a major challenge across African economies, central banks have adopted aggressive monetary tightening measures to stabilize currencies and contain rising prices.
System liquidity in Nigeria’s financial market surged to a historic high of N5.73 trillion on Monday, up sharply from N4.02 trillion recorded last Friday, on the back of the recent policy adjustments by the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) has been warned not to rush into relaxing the Monetary Policy Rate (MPR) as the inflation figures currently being reported are still “outliers” and do not provide a stable basis for such a policy shift.
Nigerian businesses are currently battling soaring loan interest rates from commercial banks, ranging between 29% and 36%, adding pressure to an already fragile economy.
Investing in commercial paper (CP) has become one of the most attractive fixed-income options for Nigerian investors in 2025.
Nigeria’s banking sector might be a big beneficiary as inflation decelerates, and markets anticipate a cut in the Monetary Policy Rate (MPR).
The naira ended the week on a slightly weaker note in the parallel market, trading at N1,560/$1 on Friday.
As inflation remains a persistent threat across African economies, several central banks have been forced to adopt aggressive...