CBN sees scope to hike rates before 2019 elections

Central Bank of Nigeria

The Central Bank of Nigeria (CBN) may raise its benchmark interest rate before the general elections, according to Joseph Nnanna, Deputy Governor. Nnanna who spoke at a conference in Egypt said the CBN is “in the mood” for tightening and will increase its main interest rate if inflation doesn’t slow. He was quoted by Bloomberg…

Please…

CONTINUE READING»

Stay up-to-date

Subscribe now for weekly news headlines roundup delivered directly to your inbox.

Thank you for subscribing.

Something went wrong.