Central Bank Nigeria

The Central Bank of Nigeria kept the Monetary Policy Rate at 27.5% and announced plans for tighter foreign exchange controls.

The Central Bank of Nigeria held its policy rate at 26.5% to control inflation and stabilize the naira, says Governor Olayemi Cardoso.

The Central Bank of Nigeria sold $250 million in foreign exchange to banks to support the naira amid IMF calls for faster subsidy reforms.

Nigeria's Central Bank raised its benchmark interest rate to 28% to combat rising inflation and naira exchange rate volatility.