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Nigeria’s Cardoso Signals Rate Cuts Next Year as Inflation Cools
1 day ago · “Our tight monetary policy stance has altered the previous dire trajectory and we expect a downward trend in 2025,” Cardoso said. “Inflation remains unacceptably high but the signs are encouraging, particularly given that the full affects of monetary policy typically take six to nine months to impact the consumer sector.”
As $1.5trillion GDP prospect beckons: Nigeria told to enlarge body …
1 day ago · …As expert shows how Nigeria can be ready. As hopes rise for Nigeria to hit $1.5trillion gross domestic product (GDP) from current $364bn through the blue economy in the coming years, the Federal Government has been advised to conduct a review and expansion of the nation’s body of maritime laws.
Nigeria’s November rate hike has analysts seeing end to tightening
3 days ago · The Central Bank of Nigeria’s cautious interest rate hike on Tuesday and optimistic messaging on inflation has some economists predicting its unprecedented two-year tightening cycle is over. Governor Olayemi Cardoso and his monetary policy committee opted for a quarter-point hike at their last ...
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Inflation. Cardoso says inflation, FX pressures to abate early 2025. The Central Bank of Nigeria (CBN) will deploy every possible ‘orthodox’ strategy to tame inflation, Governor Olayemi Cardoso said on Tuesday, with a firm assurance that ongoing monetary tightening measures.....
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Nigeria’s silent crisis: Inflation’s grip tightens
3 days ago · Nigeria’s inflation crisis has evolved into a full-blown emergency. At 33.88 percent in October 2024, inflation has entrenched itself as a persistent tormentor of households and businesses alike, exposing systemic failures in governance and market regulation. While structural challenges such as ...
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Stock Market. Five takeaways from MRS Oil's nine-month 2024 results. MRS Oil, a downstream oil and gas firm in Nigeria, began the year with a share price of N105.00 and traded at a share price of N132.00 as of November 22, 2024....
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Business News Nigeria | Daily Updates | Businessday.ng
Business news in Nigeria, Nigerian news today.Exclusive news & analysis Deep research and intelligence reports In-Depth Analysis.Newspaper...