The Central Bank of Nigeria (CBN) has announced the retention of the Monetary Policy Rate (MPR) at 27.5%, maintaining all other policy parameters unchanged.
CBN Governor, Olayemi Cardoso, disclosed this during the Monetary Policy Committee (MPC) briefing held on Tuesday in Abuja. He explained that the decision was driven by the need to sustain the ongoing disinflationary trend and continue efforts to bring down inflation.
Cardoso also revealed that Nigeria’s foreign reserves stood at $40.1 billion as of July 18, 2025 — enough to provide import cover for approximately nine and a half months.
