Naira Holds Steady as CBN Keeps Benchmark Rate Unchanged

The Central Bank of Nigeria has retained its benchmark interest rate, citing easing inflation and the need to support growth.

Market analysts say the naira steadied on both official and parallel markets following the announcement, with traders in Lagos and Abeokuta reporting calmer trading.

Small business owners in Ogun State say stable forex will help them plan imports of raw materials ahead of the festive season.