Nigeria’s central bank to cut interest rate to 26%-26.5% in Feb 2026 as inflation drops to 15.1%.

Nigeria’s central bank is expected to cut its benchmark interest rate by at least 50 basis points to 26.50% in February 2026, as inflation fell to 15.1% year-on-year in January, supported by a stronger naira, stable food prices, and rising foreign reserves. Analysts cite improving economic indicators, including capital inflows and non-oil sector growth, as signs of sustained disinflation. The move, if confirmed, would mark a shift toward monetary easing, though caution remains to prevent inflation resurgence amid upcoming elections and increased government spending.