The Central Bank of Nigeria (CBN) has lowered its benchmark rate to 27%, marking its first reduction in five years. This decision, made on September 22, 2025 during the Monetary Policy Committee (MPC) meeting, aims to boost the economy in a context of stabilizing the naira and slowing inflation. Following this cut, several commercial banks,...
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Nigeria: Banks revise their savings rates after a record cut in the benchmark rate
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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