The Central Bank of Nigeria (CBN) has decided to keep the benchmark interest rate at 26.5% following a meeting of its Monetary Policy Committee (MPC).The governor, Mr Olayemi Cardoso, explained that this decision was based on a careful look at economic risks and indicators.

All 11 MPC members agreed to keep the rate steady, and they also maintained the Cash Reserve Ratio (CRR) at 45% for deposit banks, 16% for merchant banks, and 75% for public sector deposits.Cardoso noted that while inflation has slightly dropped, global uncertainties like Middle East tensions have increased energy costs.He emphasized Nigeria's economic resilience despite these challenges.

The article also mentions a separate update about Nigerians investing in premium domains for high returns, but the main focus remains on the CBN's monetary policy decision.