Nigeria, Feb. 25 -- Data from the official foreign exchange market showed the currency slipped from N1,353.5 recorded a day earlier, as investors responded to the decision to lower the Monetary Policy Rate by 50 basis points to 26.5 per cent.



The adjustment comes after months of tight monetary policy. While inflation has eased for the eleventh straight month to 15.1 per cent in January 2026, the market reaction suggests traders are weighing the impact of the shift toward cautious easing.



Other key policy metrics were left unchanged. The Cash Reserve Ratio remains at 45 per cent for commercial banks and 16 per cent for merchant banks, while the Liquidity Ratio stays at 30 per cent.



The News Chronicle gathered that the modest p...