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CBN’s Recent”Big” 100bps Rate Hike

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), on Tuesday, concluded its last meeting for 2022. In line with our expectations, the committee increased the monetary policy rate (MPR) by 100bps from 15.5% to 16.50%, representing a fourth consecutive rate...
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Nigeria’s Inflation surges to 20.77% in September

The Consumer Price Index (CPI), which measures inflation, rose by 20.77% Year-on-Year (YoY) in Sept ’22, representing a new all-time high recorded since September 2005. This is 0.25% and 4.14% higher than the rate recorded in Aug ’22 (20.52%) and Sept ’21 (16.63%). The...
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