Nigerian interest rates may need to rise this year if the government pushes ahead with an expansionary budget, Nigeria’s central bank governor said on Thursday, despite the finance minister’s stated wish for a rate reduction.  “If we do have an expansionary budget plus the fuel subsidy removal, I think the […]

Nigeria will not raise benchmark interest rates as a result of the first round of inflationary effects from the removal of a fuel subsidy, Central Bank Governor Lamido Sanusi said on Thursday.  The central bank is due to hold its first interest rate setting meeting for the year next Monday […]

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