1) Introduction The Central Bank of Nigeria began 2026 with measured optimism, delivering a 50-basis-point rate cut in February that reduced the Monetary Policy Rate to 26.5 per cent, the first move to stimulate growth in the economy. That decision according to CBN reflected eleven consecutive months of disinflation, with headline inflation easing to 15.06 per cent in February, food inflation falling sharply, and external reserves climbing to 13-year high of $50.45 billion. However, just as the monetary easing was poised to s
1) Introduction The Central Bank of Nigeria began 2026 with measured optimism, delivering a 50-basis-point rate cut in February that reduced the Monetary Policy Rate to 26.5 per cent, the first move to stimulate growth in the economy. That decision according to CBN reflected eleven consecutive months of disinflation, with headline inflation easing to 15.06 per cent in February, food inflation falling sharply, and external reserves climbing to 13-year high of $50.45 billion. However, just as the monetary easing was poised to s