In a strategic move to support economic recovery, the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points—from 27.5% to 27%—following the conclusion of the Monetary Policy Committee (MPC) meeting held on September 22 and 23, 2025. The decision, made by the 12-member committee at its 302nd meeting, reflects growing confidence in Nigeria’s macroeconomic trajectory. “The committee’s decision to lower the monetary policy rate was predicated on the sustained disinflation recorded in the past five months, projections of declining inflation for the rest of 2025, and the need to support economic growth,” said Cardoso. Macroeconomic Conditions Support Policy ShiftThe MPC expressed confidence in Nigeria’s macroeconomic stability, citing improvements across multiple indicators. Economic Growth Strengthens in Q2 2025Data from the National Bureau of Statistics (NBS) supports the CBN’s optimistic outlook.