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Cardoso

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting
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CBN Governor Promises Slowdown In Interest Rate Increases

Inflation Control Critical, Says CBN Governor The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, recently declared that the institution aims to slow down the increases in the benchmark interest rate soon. Prime Business Africa reports that Cardoso made
July 8, 2024
Nigeria's Inflation Drops To 24.48% In January
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How Govt Palliatives Push Food Inflation – CBN

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government’s large-scale purchase of foodstuffs as palliatives is contributing to the country’s rising food inflation. This statement was made during the March Monetary Policy Committee meeting, where the
May 3, 2024
Naira Ends Week With N30 Gain In Black Market: Hope For Naira?
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Naira Slumps To N1,234/$1 At Official Market

The Nigerian Naira witnessed a decline against the United States dollar, hitting N1,234 at the official foreign exchange market on Monday. This marks a notable fall of N65 or 5.26 percent from its previous rate of N1,169.99/$1. The downward spiral follows recent
April 23, 2024
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