CBN Signals Policy Pivot with Third Treasury Rate Cut as Dangote IPO Sparks Market Frenzy

16.62% — The new stop rate on the 364-day Treasury Bill, following the Central Bank of Nigeria's third consecutive cut at Wednesday's auction, marking a decisive shift from years of monetary tightening toward an easing cycle.

Money Moves

• CBN cuts rates for third straight time — The apex bank allotted N1.05 trillion in bills, slashing the one-year rate to 16.62% from 16.84%, signaling the start of a sustained policy pivot.
• **Dangote Refinery IPO...