Nigeria Central Bank Holds Rates as FX Gap Narrows and Inflation Eases in 2025 21 May
by Tamlyn Edelstein - 0 Comments

Nigeria Central Bank Holds Rates as FX Gap Narrows and Inflation Eases in 2025

Nigeria’s Central Bank has kept its main rate at 27.5%, citing nearly equal official and parallel FX rates, cooling food inflation, and rising reserves. Governor Olayemi Cardoso credits recent reforms for stronger market confidence but signals careful monitoring ahead.