Nigeria
26.500%
→ No change
Monetary Policy
Rate
26.500%
Since Feb 24, 2026
Previous Rate
26.500%
→ No change
Next Decision
May 19, 2026
in 14 days
Central Bank
Central Bank of Nigeria
Currency
NGN
Africa
Country Overview
Population
242.43M
242,431,832 people
Area
923,768 km²
923,768 km²
GDP (USD)
$502.00B
$502,000,000,000
Median Age
18.3 yrs
Urban Population
55.8%
of total population
Rate History
Banks in Nigeria
Access Bank – acquired Intercontinental Bank
Commercial Bank
Barclays Bank plc
Commercial Bank
Citibank
Commercial Bank
Deutsche Bank
Commercial Bank
Diamond Bank
Commercial Bank
Ecobank Nigeria – acquired Oceanic Bank
Commercial Bank
Fidelity Bank Nigeria
Commercial Bank
First Bank of Nigeria
Commercial Bank
First City Monument Bank – acquired FinBank
Commercial Bank
Guaranty Trust Bank
Commercial Bank
Heritage Bank plc – acquired Enterprise Bank (formerly Spring Bank)
Commercial Bank
JP Morgan
Commercial Bank
Keystone Bank Limited – formerly Bank PHB
Commercial Bank
Providus Bank plc
Commercial Bank
Skye Bank – acquired Mainstreet Bank Limited(formerly Afribank Nig Plc)
Commercial Bank
Stanbic IBTC Bank Nigeria Limited
Commercial Bank
Standard Chartered Bank
Commercial Bank
Sterling Bank – acquired Equitorial Trust Bank
Commercial Bank
Suntrust Bank Nigeria Limited
Commercial Bank
Union Bank of Nigeria
Commercial Bank
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