Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.
Nigeria’s DisCos collected N210 billion in October 2025, according to NERC, as billing gaps and subsidies continued to weigh on electricity sector finances.