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Falling inflation, shrinking credit: Why Nigerian businesses still can’t borrow

Under Governor Olayemi Cardoso, the Monetary Policy Committee raised the Monetary Policy Rate (MPR) by a cumulative increase of 875 basis points across six consecutive MPC meetings from 18.75% in January 2024 to 27.50% by November 2024. The post Falling inflation, shrinking credit: Why Nigerian…

July 21, 2026 Nigeria Nairametrics

Under Governor Olayemi Cardoso, the Monetary Policy Committee raised the Monetary Policy Rate (MPR) by a cumulative increase of 875 basis points across six consecutive MPC meetings from 18.75% in January 2024 to 27.50% by November 2024. The post Falling inflation, shrinking credit: Why Nigerian…

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