Nigeria’s central bank has opened a window for businesses to expand and invest, cutting interest rates for the first time since 2020 as inflation shows signs of easing and the economy strengthens.
The 50 basis points reduction in the benchmark rate to 27 percent marks a modest but symbolic shift from aggressive monetary tightening, signaling the need to balance vigilance on inflation with support for economic recovery.
Governor Olayemi Cardoso said the Monetary Policy Committee’s (MPC) decision was made after reviewing macroeconomic devel
