Mr Uwaleke said reducing the MPR by 50 basis points will be justified by moderating inflation, exchange rate stability, and improved FX market liquidity.
CBN Governor Olayemi Cardoso said it marked a significant milestone in Nigeria’s pursuit of stronger macroeconomic management and lasting economic stability.
Mr Sanusi said his decision was influenced by concerns over the safety of depositors’ funds.
The federal government has begun paying the newly introduced exit benefit for retiring federal civil servants, with about N1.1 billion paid to 175 retirees.
The CBN said it would continue to apply a risk-based supervisory approach.
Ms Nwabukwu urged entrepreneurs and traders to embrace digital payment solutions.
Mrs Uwem stated that despite serving the CBN meritoriously, conscientiously and diligently for over 21 years, her employment was terminated on May 14, 2026.Â
The CBN said it would support stablecoins, payments, settlement, custody, wallets, and related financial infrastructure that require supervised live testing.
Mr Cardoso attributed the improvement to disciplined monetary tightening, exchange rate reforms, and improved market transparency.
The committee retained the monetary policy rate (MPR) at 26.5 per cent at the end of its 306th meeting on Tuesday.
