#InterestRates

Nigeria's headline inflation rate eased to 14.63% in September 2026, from 15.39% in August, the National Bureau of Statistics (NBS) said in its consumer price index report on Thursday, 15 October 2026, THISDAY, Premium Times and Nairametrics reported. It is the fourth monthly fall in a row, according to Nairametrics and The Guardian, which said the rate is now at…

 Nigerian Mythology: JustBarny Hosts Live Podcast Session on The God Weaver in Abuja Artificial intelligence is reshaping how stories are told, and Nigerian literature is part of that conversation. This Friday, JustBarny hosts a live special podcast session in Abuja on "A.I. in Nigerian Literature: Exploring Mythical Narratives Through a Contemporary Lens." The session will look at where AI intersects…

When the Central Bank of Nigeria cut its Monetary Policy Rate (MPR) from 26.5% to 23% on 22 September, it made the headlines. But what does a central bank rate have to do with the money in your pocket? Here is a plain guide. What the MPR actually is The MPR is the CBN’s benchmark rate. Around it sits a…

The Central Bank of Nigeria (CBN) has made its boldest interest-rate move in years. At the close of the 307th meeting of its Monetary Policy Committee (MPC) in Abuja on Tuesday, 22 September, the bank lowered the Monetary Policy Rate (MPR), the benchmark that anchors borrowing costs across the economy, from 26.5% to 23%. The 350-basis-point reduction is the largest…