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Nigeria Interest Rate
Last Release
Jul 22, 2025
Actual
27.5
Units In
%
Previous
27.5
Frequency
Daily
Next Release
Sep 23, 2025
Time to Release
2 Months 0 Days 12 Hours
Highest | Lowest | Average | Date Range | Source |
27.5 Nov 2024 | 6 Jul 2009 | 12.92 % | 2007-2025 | Central Bank of Nigeria |
In Nigeria, interest rate decisions are taken by The Central Bank of Nigeria. The official interest rate is the Monetary Policy Rate (MPR).
Latest Updates
Nigeria's central bank kept its key interest rate unchanged at 27.5% on July 22, 2025, holding steady for a third consecutive meeting. Nigeria’s annual inflation rate eased to 22.22% in June — the lowest reading since April 2023 and the third consecutive monthly decline. However, core inflation inched higher to 22.76% in June from 22.28% in May, while month-on-month inflation rose slightly to 1.68%. The central bank also highlighted risks stemming from global trade tensions and geopolitical volatility, notably the potential price impacts from US tariffs, which could fuel imported inflationary pressures. Against this backdrop, the MPC underscored the importance of maintaining a steady monetary policy stance to ensure the full unwinding of inflationary shocks.
Nigeria Interest Rate History
Last 12 readings