September 22, 2026/Cordros Update
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its 307th Policy Meeting held between September 21st and 22nd, 2026, voted to:
- Lower the MPR by 350bps to 23.00% (Prev.: 26.50%)
- Adjust the asymmetric corridor around the MPR to +50bps/-300bps (Prev.: +50bps/-450bps)
- Hold the CRR for Deposit Money Banks (DMBs) at 45.0%, and Merchant Banks at 16.0%
- Hold the CRR on non-Treasury Single Account (TSA) public sector deposits at 75.0%
- Hold the Liquidity Ratio at 30.0%