Nigeria · NGN
Central Bank of Nigeria: next decision, current policy rate, consensus
As of 28 October 2026.
No Central Bank of Nigeria policy rate decision date is inside the published calendar window yet; a date appears here as soon as the bank publishes its own schedule.
The policy rate is currently 23%, after a -350 bp move on 22 Sep 2026.
Central Bank of Nigeria rate facts
Every value is the latest published reading FXMacroData holds. A decision date appears only after the bank publishes it, and times are shown in UTC with the market-local time where the schedule supplies one.
| Current policy rate | 23% Latest published reading, 22 Sep 2026 |
|---|---|
| Last change | -350 bp on 22 Sep 2026 |
| Next decision (UTC) | Scheduled |
| Consensus | Not published |
| Meeting frequency | Monthly Published cadence for this series. FXMacroData never infers a decision date from a cadence rule. |
| Official source | CBN |
The full policy rate history, decision by decision, is on the Nigeria policy rate page. Upcoming dates come from the published release calendar, which currently reaches 04 Nov 2026 17:27 UTC.
How Central Bank of Nigeria sets policy
The Central Bank of Nigeria's Monetary Policy Committee sets the Monetary Policy Rate (MPR) at scheduled meetings. In June 2023 the CBN unified Nigeria's official foreign-exchange windows, and its policy since then has focused on containing high inflation and improving FX market liquidity.
Common questions
When is the next Central Bank of Nigeria rate decision?
The next Central Bank of Nigeria policy rate decision is scheduled for Tue 24 Nov 2026 at UTC.
What is the current Central Bank of Nigeria policy rate?
The Central Bank of Nigeria policy rate is 23%, from the reading published on 22 Sep 2026. The last change was -350 bp on 22 Sep 2026.
How often does the Central Bank of Nigeria meet?
The policy rate series is published Monthly. FXMacroData publishes a decision date only after the bank confirms it, so a cadence never stands in for a date.
How do I get Central Bank of Nigeria decisions from the API?
Call GET /v1/announcements/ngn/policy_rate for the rate series with its release timestamps, and GET /v1/calendar/ngn?indicator=policy_rate for the upcoming decision date. USD is open without a key; other currencies need a subscription key.