olayemi cardoso rate increase
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Nigeria Nigeria’s GDP to Grow by 4.17% in 2025, Says CBN
The Central Bank of Nigeria (CBN) projects a 4.17% GDP growth for 2025, driven by fiscal and monetary reforms, stable oil prices, and improved oil production. The bank aims to reduce inflation to 15%, supporting SMEs and fostering a resilient, diversified economy through ongoing reforms. The...- Nigeria News
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- 2 min read
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- Category: Business
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Nigeria CBN Hikes Interest Rate to 26.75% Amid Economic Pressures
The Central Bank of Nigeria (CBN) has raised its key interest rate by 50 basis points to 26.75% amid economic pressures. This move, announced by CBN Governor Olayemi Cardoso, is part of ongoing efforts to stabilize inflation and the foreign exchange market, despite concerns from the business...- Nigeria News
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- 2 min read
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- Category: Business
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