On Tuesday, July 22, the Central Bank of Nigeria (CBN) maintained its key interest rate at 27.50% for the third time in a row in 2025. It reaffirms its commitment to maintain a tight monetary policy until inflationary risks have subsided

Consumer price inflation in Nigeria fell for the third consecutive month in June, to 22.22% year on year, compared to 22.97% in May. The governor of the Central Bank, Olayemi Cardoso, acknowledged that inflation was slowing. He explained that the decision of the Monetary Policy Committee (MPC) to maintain the rate was aimed at supporting the disinflation dynamic. According to him, “maintaining current monetary policy will continue to respond to existing and emerging inflationary pressures.” He said that the objective was still to bring inflation down to single digits.