monetary policy committee
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has taken decisive action, hiking the benchmark interest rate by 400 basis points to an unprecedented 22.75%. In a statement following the first MPC meeting of the year, CBN Governor, Olayemi Cardoso, outlined the committee’s decisions, including adjustments to the asymmetric corridor around the […]
The Nigerian Senate has rejected the federal government’s plan to increase electricity tariffs and has launched an investigation into the proposal to remove subsidies on electricity. The rejection follows concerns raised by lawmakers over the potential adverse effects on citizens amidst ongoing economic challenges. During a plenary session, Senator Aminu Abbas sponsored a motion opposing […]
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