Abuja, Sept 23, 2025 (AFP) - Nigeria central bank announces first rate cut since Covid-19

NAMPA / AFP

2025-09-23

Nigeria's central bank on Tuesday announced its first rate cut since 2020 from 27.5 to 27 percent, on the back of easing -- if still biting -- inflation. Inflation has calmed in the west African economic giant five months in a row, though at 20.1 percent year-on-year in August, price increases are still a major concern for millions grinding through the worst cost-of-living crisis in a generation. The cut in the Central Bank of Nigeria's key lendi......

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