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Inflation: CBN Increased Interest Rate

Piroll

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NAIJA NEWS: Inflation: CBN Increased Interest Rate [New Naija News] » Naijacrawl
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The Central Bank of Nigeria’s Monetary Policy Committee has moderately hiked monetary policy rates to 18.



75 per cent.

The acting Governor of the Central Bank of Nigeria, Mr Folashodun Shonubi, disclosed this on Tuesday at the press briefing at the end of the 292nd MPC meeting.

It can be recalled that the Central Bank of Nigeria (CBN), in its last MPC meeting, tightened the economy by raising the interest rate to 18.5 percent.

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Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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Naija News

NYSC ALLOWANCE FINALLY INCREASED TO 30,000

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NEWS: NYSC ALLOWANCE FINALLY INCREASED TO 30,000 [New Naija News] » Naijacrawl
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After the increase of minimum wage, youth Corpers have been expecting the increase to reach their end but they were dissapointed when April allowance was still 19,800.The good news is finally here for Corp members. Dining a press conference, minister of finance Mrs Zainab Ahmed disclosed that the federal government have increased Corp members allowance to 30,000 but the federal government is working on modalities before the implementation of the new allowance. ...
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Obasanjo Advocates for Lessons from Zimbabwe to Tackle Nigeria's Inflation Woes

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NAIJA NEWS: Obasanjo Advocates for Lessons from Zimbabwe to Tackle Nigeria's Inflation Woes [New Naija News] » Naijacrawl
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Former Nigerian President Olusegun Obasanjo has suggested that Nigeria seek guidance from Zimbabwe's government to address the current all-time high inflation plaguing the country. Obasanjo, speaking at a youth leadership symposium on his 87th birthday, emphasized the importance of learning from the experiences of others, especially when facing economic challenges.In his address at the "Opportunities for Peace: Roles of the Youths in Conflict Prevention in Africa" s...
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Stable forex, lower inflation will attract foreign direct investment to Nigeria – IMF

Victorious

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NAIJA NEWS: Stable forex, lower inflation will attract foreign direct investment to Nigeria – IMF [New Naija News] » Naijacrawl
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The International Monetary Fund (IMF) says stable exchange rates and lower inflation will attract more investments into Nigeria.Ari Aisen, the IMF representative in Nigeria, disclosed this on Tuesday during an interview on Arise Television.He reiterated support for the fuel subsidy removal and exchange rate unification, insisting that it will enhance the economic outlook of Nigeria.Arisen stated that if inflation decreases, exchange rates become more predictable, le...
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