Nigeria's central bank holds policy rate at 27.50%

$FILE PHOTO: A man counts Nigerian naira notes in a market place as people struggle with the economic hardship and cashflow problems ahead of Nigeria\\'s Presidential elections, in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo Image for illustrative purpose. , Reuters/REUTERS$

FILE PHOTO: A man counts Nigerian naira notes in a market place as people struggle with the economic hardship and cashflow problems ahead of Nigeria's Presidential elections, in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo Image for illustrative purpose.
Reuters/REUTERS

Nigeria's central bank held its benchmark lending rate at 27.50%

Elisha Bala-Gbogbo and Chijioke Ohuocha, Reuters News

February 20, 2025

PHOTO
FILE PHOTO: A man counts Nigerian naira notes in a market place as people struggle with the economic hardship and cashflow problems ahead of Nigeria's Presidential elections, in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo Image for illustrative purpose.

Nigeria's central bank held its benchmark lending rate at 27.50%, its governor Olayemi Cardoso said on Thursday.

(Reporting by Elisha Bala-Gbogbo and Chijioke Ohuocha; Additional reporting by Bhargav Acharya in Johannesburg and MacDonald Dzirutwe in Lagos; Editing by Alexander Winning)

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