February 24, 2026/Coronation Update Decisions of the MPC: Reduced Monetary Policy Rate by 50bps to 26.50% The asymmetric corridor around the MPR was retained at +50bps /-450bps Cash Reserve Ratio for Deposit Money Banks was retained at 45.00% CRR for Merchant Banks was retained at 16.00%. CRR on Non-TSA (Treasury […]
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Dangote Refinery to Supply 65m Litres of Petrol Daily
… Exports 20m Litres Surplus February 24, 2026/Dangote Group In a landmark shift for Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery & Petrochemicals will supply between 60 and 65 million litres of Premium Motor Spirit (PMS) daily to meet national demand, effectively positioning the country for sustained fuel self sufficiency […]
Post MPC February 2026: MPC Lowers the MPR by 50bps to 26.50%
As we envisaged, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) reduced the Monetary Policy Rate (MPR) by 50bps to 26.50% (previous: 27.0%), citing sustained disinflation, naira appreciation, and an improved external position. However, the Committee retained the Standing Facility Corridor at +50bps/-450bps, while leaving the […]
