CBN

Another bombshell on Nigeria's current inflation rate is coming from Professor Stevie Hanke of applied economics, Johns Hopkins University and director of the Troubled Currencies Project at Cato Institute. He professed that the discrepancy on the modus of the tabulation of Nigeria's inflation rate does not reflect the true reality of the higher inflationary trends. Prof. … [Read more...] about Nigeria’s inflation rate is 58.6% not 12.77% – says Prof. Hanke

The Central Bank of Nigeria (CBN), the country’s supremely reserve bank has made a decision of hiking the interest rate from 11% to 12%. It was puzzling to many financial and monetary observers because it was less than three months that CBN reduced the interest rate from 13% to 11%. Then it appeared that the monetary policy was gearing towards enhancement of liquidity, but the … [Read more...] about CBN Interest rate at 12%: Erratic monetary policy and illiquidity

The Monetary Policy Committee held its meeting at Abuja for policy rate decision and left the interest rate at 11 percent while they refrained from further devaluation of naira.But are their decisions prudent? A reasonable number of financial observers and economists believe that The Monetary Policy Committee is living in alternative planet. With the new normal of failing … [Read more...] about Nigeria interest rate at 11 %: Falling Oil Price impacts Naira and Inflation rate