By Ikugbadi Oluwasegun
Nigeria’s Central Bank started 2026 with a careful step by cutting the key interest rate to 26.5 percent while keeping other measures like the Cash Reserve Ratio and liquidity steady – a sign of cautious steering of the financial system.
Governor Olayemi Cardoso pointed to falling inflation, stronger banks, and foreign reserves hitting a 13-year high of 50 billion dollars, giving the economy a solid boost.
But the CBN warned that pre-election spending could undo progress if not checked.
