Elevated MPR Keeps commercial paper yields high in Nigeria

Lagos, Nigeria — August 25, 2025Nigeria’s Monetary Policy Committee has maintained the benchmark interest rate at 27.5 percent, sustaining high short-term borrowing costs and boosting yields on corporate commercial paper (CP). Recent CP issuances in 2025 priced in the low-to-mid-20s percent range, significantly higher than the 91-day Treasury bill yield of about 15 percent, making