CBN drops interest rate from 26.5% to 23.0%❗️
What do I think?
Before that for laymen, what is MPR?
The Monetary Policy Rate (MPR) is the official benchmark interest rate set by a country’s central bank.
Think of the central bank as the "wholesaler of money" and commercial banks (like GTBank, Zenith, or Access) as the "retailers."
What does a 350 bps rate cut actually mean for you, business owners, and borrowing?
Here is a quick breakdown: commercial bank is benchmark
Borrowing gets cheaper: Commercial banks use this benchmark rate to set interest rates. Expect bank loans, mortgages, and business lines of credit to gradually drop from peak highs.
Business expansion & jobs: High interest rates were choking businesses. Cheaper credit means companies can borrow to expand production, hire, and boost supply.
Sign of cooling inflation: The Central Bank only cuts rates when inflation starts easing. This shift signals policy transitioning from aggressive tightening toward supporting economic growth.
What happens to savings?
Returns on low-risk fixed deposits and treasury bills will begin to adjust downward. Money will slowly shift back into real assets, trade, and equities.The Bottom Line: It’s a green light for business activity. While 23% is still high, the directional pivot means cheaper credit and growth are back on the table.
What will be the impact in the compounds days - Fingers crossed 🤞🏻
Joy Abiola.
Olodo Analyst✨
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Oluseyi Abiodun Makinde, FNSE
Born December 25, 1967 in Ibadan, Oyo State
EDUCATION
University of Lagos
Bachelor’s Degree, Electrical Engineering
1985–1990
PROFESSIONAL & EXECUTIVE TRAINING
• Lagos Business School / Pan-Atlantic University
Development of Analytic Competence for Managing Operations
1999
• Industrial Control Services, Houston, Texas
Safety Shutdown System
1998
• Jiskoot Auto Control Training Centre, Kent, England
Fundamentals of Crude Sampling
2002
• Massachusetts Institute of Technology (MIT), USA
Understanding and Solving Complex Business Problems
2005
• MIT Sloan School of Management, USA
Advanced Certificate in Management and Leadership
2014–2016
PROFESSIONAL CAREER
• Pupil Engineer — Shell Petroleum Development Company
1990–1992
• Field Engineer — Rebold International Limited
1992–1997
• Founder & CEO — Makon Engineering & Technical Services
1997
• Group Managing Director — Makon Group Limited
1997-2019
PROFESSIONAL AFFILIATIONS
• Fellow — Nigerian Society of Engineers (NSE)
• Member — Council for the Regulation of Engineering in Nigeria (COREN)
• Member — Instrument Society of America (ISA)
• Member — Institute of Measurement and Control, UK
POLITICAL CAREER
• Governorship Candidate, Oyo State — 2015
• Governor, Oyo State — 2019–2023
• Re-elected Governor — 2023- Present
The incoming President of Nigeria 🙏
Qualified, Capable and Experienced.✅
“Your biggest mistake as a man is for you to see a woman as an investment. Instead of investing in yourself, you’re investing on a woman. You will later regrêt it” — Lady says