Greenwich Merchant Bank

25/08/2026

17/08/2026

Headline Inflation Eases to 15.43% Year-on-Year in July 2026

 

Nigeria's headline inflation printed at 15.43% y/y in July 2026, down from 15.91% y/y in June 2026, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS), representing a 0.48 percentage point decrease. On a month-on-month basis, inflation equally eased to 1.57%, down 0.09 percentage points from 1.66% in June 2026. This points to a slower pace of price growth in July compared with the previous month.

 

Food inflation stood at 20.31% year-on-year in July 2026, up from 17.52% in June 2026 but lower than the 26.20% recorded in July 2025. The increase reflects continued upward pressure on the prices of staple food items. Also, on a month-on-month basis, food inflation rose to 5.56% in July 2026 from 3.75% in June 2026, reflecting underlying price pressures.

 

Core inflation, which excludes volatile agricultural products and energy prices, stood at 15.92% y/y in July 2026, lower than the 23.95% recorded in July 2025, and a 0.95 percentage point decrease from the 15.92% recorded in June 2026. On a month-on-month basis, core inflation decreased to 0.15% from 1.66% in June 2026, representing a 1.51 percentage point decline.

 

10/08/2026

A proud moment for Greenwich Bank.

We were honoured to be part of the signing ceremony for the Private Placement of Regency Alliance Insurance Plc as one of the receiving banks. This is another opportunity to support transactions that strengthen businesses and contribute to economic growth.

At Greenwich, we're committed to connecting capital with opportunity through trusted expertise and seamless financial solutions.
Here's to building stronger partnerships and driving sustainable growth together.

22/07/2026

21/07/2026

Monetary Policy Committee (MPC) Retains MPR at 26.50%

At its 306th meeting held on July 20th and 21st, 2026, the Central Bank of Nigeria's Monetary Policy Committee (MPC) made key decisions to retain monetary policy settings. The 11-member committee voted to maintain as outlined below:

1. Retain the MPR at 26.50%.
2. Maintained the Asymmetric corridor at +50bps/-450bps around the MPR.
3. Retained the CRR for Deposit Money Banks at 45.00% and Merchant Banks at
16.00%.
4. Retained 75% CRR for Non-TSA Public sector deposits for enhanced liquidity
management.
5. Retained the Liquidity ratio at 30.00%.