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CBN targets 6 – 9% inflation, warns of external shocks

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CBN targets 6 – 9% inflation, warns of external shocks

23 Mar, 2026

The Central Bank of Nigeria (CBN) has set a medium-term inflation target of 6–9 per cent as it accelerates its transition to a full inflation-targeting monetary policy framework, while cautioning that global shocks could still disrupt progress. This position was outlined in a statement by the apex bank following a strategic engagement with the Nigerian Economic Society (NES) and the academic community held on March 18, 2026, where the CBN detailed its reform direction and macroeconomic outlook.............................….......READ MORE