CBN Rate Cut: Will Cheaper Credit Finally Reach SMEs?

Nigeria’s entrepreneurs are watching closely after the Central Bank of Nigeria reduced the Monetary Policy Rate (MPR) from 26.5% to 23%, a 350-basis-point reduction announced after the Monetary Policy Committee meeting of September 21–22, 2026. For small and medium-sized businesses, the key question is no longer simply whether interest rates have fallen at the policy […]