November 22, 2022/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) unanimously voted to increase the Monetary Policy Rate (MPR) further by 100bps to 16.5% – the fourth consecutive rate hike and the highest rate since November 2002 (18.5%). The hike brings the cumulative interest […]
Updates
MPC Decision – November 2022
November 22, 2022 Coronation Economic Flashnote Eleven (11) members of the committee were in attendance. Decision The eleven members unanimously voted to raise the MPR. • Nine out of Eleven members voted to raise MPR by 100bps to 16.5% • Retain the asymmetric corridor of the MPR […]
Dangote Sugar boosts its $700m investment; increases Numan sugar plantation by 179% to 24,200 hectares
November 22, 2022/Dangote Group President of the Dangote Group, Alhaji, Aliko Dangote, has announced that the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master plan (NSMP). Speaking at the Flag off Ceremony […]
