Economy · Monetary policy rate · Nigeria
Nigeria’s monetary policy rate was 23% in 22 Sep 2026.
23%
22 Sep 2026
First published value.
Updated 19 Oct 2026
In plain words
23%
What it is. The central bank's policy rate, as set at each monetary policy committee meeting.
Neither way is good in itself. Whether a change is welcome depends on why it happened, so read it against its own history and other countries.
Why it matters. A percentage puts countries of different sizes on the same footing, so it can be compared across borders and over time.
| Period | Monetary policy rate · Nigeria |
|---|---|
| 22 Sep 2026 | 23% |
Source: Central Bank of Nigeria, Monetary Policy Committee decision, 307th meeting, September 2026 · Licence: Public central bank announcement, cited with attribution; reuse terms not separately reviewed
How to read this number
- Source
- Who published the figure
- Published
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- Verified
- When we last checked it against the source
Every change is logged in Corrections. How the figure is made: Methodology.
Cite this number
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Strata-AF™ Data, Monetary policy rate, Nigeria, 22 Sep 2026; source Central Bank of Nigeria, Monetary Policy Committee decision, 307th meeting, September 2026, retrieved 19 Oct 2026; https://data.strata-af.com/economy/monetary-policy-rate/nigeria
Data insights · Worked out from the published figures
What this means
Working this out from the published figures…
Strata AI commentary is coming — reviewed, dated, and generated only from the figures on this page.
Methodology
The central bank's policy rate, as set at each monetary policy committee meeting.
The central bank's main policy interest rate, as announced after each Monetary Policy Committee (MPC) meeting. Unit: %.
The rate used for each country: Nigeria, the Monetary Policy Rate; Kenya, the Central Bank Rate; South Africa, the policy rate (formerly the repo rate); Ghana, the Monetary Policy Rate; Egypt, the overnight deposit rate.
Source: each central bank's own MPC statement or communiqué, cited on every data point. Updated each time the MPC meets, whether or not the rate changes. Meeting dates differ by country, so points are not aligned.
Caution: the rates are not strictly comparable. Each central bank uses a different instrument and corridor, and Egypt's headline rate is a deposit rate.