CBN Cuts Rates By 350bps, But Banks Still Earn Above 17 Percent On Securities
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The CBN reduced its Monetary Policy Rate from 26.5 percent to 23 percent in September, signalling a shift towards a less restrictive monetary policy environment. However, yields on Open Market Operations bills and Federal Government bonds have remained elevated, cushioning the immediate impact of the policy change on banks’ investment income.
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CBN Cuts Rates By 350bps, But Banks Still Earn Above 17 Percent On Securities
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About this article
- Length
- 74 words · 1 min read
- Published
- October 23, 2026
- Byline
- Ogochukwu Onwaeze
- Source
- THEWILL NEWS