The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, said the bank would keep interest rates high until inflation subsides by implementing orthodox policies.
The Central Bank of Nigeria Governor, Olayemi Cardoso , said the bank would keep interest rates high until inflation subsides by implementing orthodox policies. Cardoso disclosed this during an interview with the Financial Times. He said that the Monetary Policy Committee , which he chairs, would do whatever is necessary to tame soaring inflation.
“Let’s face it: for a long period, the CBN did not embrace orthodox monetary policies. We want to go back to using an orthodox method, and it will take us to where we want to go. The apex bank has been reoriented to focus on price and monetary stability,” Cardoso said. He noted that the investors had previously tended to head for the window in response to currency fluctuations. But now there has been a fundamental shift.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
The Kaduna State Pilgrims Agency said that the transportation of intending pilgrims to the Kingdom of Saudi Arabia for this year’s Hajj will begin on May 23. The Deputy Director, Public Relations, Malam Yunusa Abdullahi, made the announcement in a statement issued on Tuesday in Kaduna. Abdullahi said the date was set in collaboration with…
It was a gathering of distinguished personalities across all walks of life in Ede town, yesterday, during Governor Ademola Adeleke's chieftaincy installation and his 64th birthday anniversary.
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