The Central Bank of Nigeria's Monetary Policy Committee has retained the Monetary Policy Rate, the country's benchmark interest rate, at 26.5 per cent following its 306th meeting held in Abuja.

CBN Governor, Olayemi Cardoso, announced the decision after the two-day meeting, saying members reviewed domestic and global economic conditions before deciding to leave the lending rate unchanged.

Listen: CBN Governor Olayemi Cardoso on the MPC decision

Cardoso further observed that although headline inflation eased slightly in June 2026, renewed hostilities in the Middle East have increased global uncertainty, with potential implications for energy prices and domestic inflation.