Nigeria’s economy would benefit from interest-rate easing even though it’s likely that the central bank will keep the key indicator unchanged tomorrow, Finance Minister Ngozi Okonjo-Iweala said. “We would be very grateful if we saw an easing of the interest rate, a little bit, in order to also help more […]
World News
Nigeria’s Poverty Should Be Lower Given Growth, IMF Says
Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said. The share of citizens in Africa’s most populous country of more than 160 million who are considered poor fell to 62.6 percent in 2010 from 64.2 percent in 2004, […]
MPC May Maintain Tight Monetary Stance on Crude Oil Volatility
There are strong indications that the Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC), which commences its 232nd meeting today will leave all its monetary policy tools unchanged at the end of the two-day meeting. This, according to findings by THISDAY, would be based on the continued volatility in […]
