Juliet Jacob 
ABUJA, Nigeria – The Central Bank of Nigeria (CBN) has kept its Monetary Policy Rate (MPR) at 27%, reinforcing its toughest stance yet against persistent inflationary pressures that continue to strain households and businesses nationwide.
Speaking at a post-meeting press conference in Abuja on Tuesday, the CBN governor Olayemi Cardoso, said the MPC agreed that maintaining a tight monetary stance remains critical.
“The Committee is committed to maintaining a tight monetary stance until we see a more sustained decline in inflationary pressures,” Cardoso stated.
All key parameters were retained, signalling continued policy caution: MPR: 27%, Cash Reserve Ratio: 45% for commercial banks, 16% for merchant banks, and Liquidity Ratio: 30%.
Asymmetric Corridor: +50/-450 basis points around the MPR
Cardoso welcomed the gradual easing of headline inflation but said risks remain elevated.
“While we note the deceleration in inflation, driven by our sustained tightening, stable exchange rates, and relative stability in PMS prices, inflation remains high and requires continued coordinated policy efforts,” he said.
The governor disclosed that 16 banks have now fully met Nigeria’s new minimum capital requirements, signalling progress in the ongoing recapitalisation programme aimed at strengthening the financial system.
Cardoso also warned that global uncertainties — including rising trade tensions between the United States and major trading partners — could slow worldwide growth. He added that global inflation is likely to remain above pre-pandemic levels in the near term.
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Oluwafunbi Bello 
Oluwatobi Adu 
Koko Maxwella 
Hussaini Ibrahim