The governor of Central Bank of Nigeria a announced that loan rates could fall in the coming months, so that inflation continues to fall, raising hopes for better access to stronger credit and investment flows. The announcement was made according to a press release of the cbn, so from the C-Level Forum of the European Chamber of Commerce (Eurocham Nigeria) to Lagos on Saturday.

“Bookman Old Style”, serif"> Olayemi Cardoso, Governor of the CBNa reaffirmed the Bank's commitment to macroeconomic stability, a stronger banking sector and positioning of Nigeria as a leading investment destination. According to him, global inflation, although still high, has begun to slow down, creating the possibility of lower loan rates once the stability of price will be further consolidated.

Cardoso recognized that high loan rates have weighed on businesses, but explained that the priority of the CBN was to restore trust and to strengthen the resilience of the system. line-height: 107%; font-family: "Bookman Old Style”, serif"> CBN “ Bookman Old Style”, Serif">LAA increased its key loan rate six times in 2024, increasing the monetary policy rate from 18.75% at the beginning of the year to 27.50% in December.

The tightening cycle aggressive aimed at stemming runaway inflation and stabilizing the naira, which was under sustained pressure