The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR was at 18.75 per cent. The MPC also made a bold move to restrict money supply by increasing the Cash Reserve Ratio to 45 per […]
•Tinubu Protests broke out in Minna, Niger State capital, and Kano metropolis on Monday as residents took to the streets to demand an end to soaring cost of living in the country. Their action was understandable: Inflation was shooting through the roof, reports Sunday Vanguard. The federal government immediately responded by convening an emerg...
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