Nigeria’s Depleting External Reserve; How BAT Administration Can Make the Difference.
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Date03 Jul 2023
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Nigeria’s external #reserve was reported to have fallen by about $2.8 billion in the first half of 2023 according to a #CBN report. Since the new administration, analysts say that the nation’s foreign reserve has continued on a free fall... Read More →
INFLATION: Rise in Food Prices Pushes Nigeria’s Inflation to 22.41% in May 2023.
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Date15 Jun 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
The Nigeria Bureau of Statistics (MBS) says that the headline inflation rate for Nigeria in May increased to 22.41% relative to the April 2023 figure of 22.22%. This was contained in the report released by the statistics office on Thursday,... Read More →
Nigeria’s Naira Float: Effects on Foreign Education.
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Date15 Jun 2023
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The Central Bank of Nigeria (CBN) on Wednesday, June 14, issued a directive to banks to remove the cap on the Investors’ and Exporters’ (I & E) window thus allowing for the free float of the naira exchange rate. This means... Read More →
CBN Raises MPR by 50bps to 18.5%, the third time in one year
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Date25 May 2023
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 50 basis points, from 18 percent to 18.5 percent, the third time in one year. Recall that the CBN had raised MPR... Read More →