The Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate from 26.75% to 27.25% to control rising inflation. CBN Governor Olayemi Cardoso announced this decision after the Monetary Policy Committee’s 297th meeting. The increase is aimed at stabilizing the economy by curbing...
The federal government, represented by Wale Edun, Minister of Finance and Coordinating Minister of the Economy, has declared its commitment to employ strategic measures to address the issue of excessive liquidity in the system, aiming to mitigate inflationary pressures.
Edun made this...
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