#inflation

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    CBN’s BOLD MOVE: CARDOSO DEFENDS 27.75% INTEREST RATE HIKE TO TACKLE INFLATION

    CBN’s BOLD MOVE: CARDOSO DEFENDS 27.75% INTEREST RATE HIKE TO TACKLE INFLATION Detailed Breakdown: The Central Bank of Nigeria (CBN) recently raised the Monetary Policy Rate (MPR) to 27.75%, a move Governor Yemi Cardoso described as necessary but "painful" for borrowers. While addressing the...
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    INFLATION, HIGH INTEREST DANGEROUS TO ECONOMIC GROWTH – ANALYSTS

    INFLATION, HIGH INTEREST DANGEROUS TO ECONOMIC GROWTH – ANALYSTS Main Points: 1. Economic Concerns: Analysts have warned that persistent inflation, high interest rates, and unemployment are undermining the benefits of Nigeria's GDP growth, which increased to 3.19% in Q2 2024 from 2.51% in Q2...
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    Interest Rates Are About To Do Something They Haven't Done Since March 2020,

    SUMMARY: The U.S. Federal Reserve may be on the verge of cutting interest rates for the first time since March 2020, a potential turning point that could have significant implications for the stock market. Over the past two years, the Fed implemented one of the most aggressive rate-hiking...
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