http://afripol.org Once again at the beginning of fourth quarter, the country’s Federal Reserve Bank; the Central Bank of Nigeria (CBN) raises the monetary policy rate (interest rate) to a new high of 12 percent from previously 9.25 percent. There is no surprise with the new hike knowing quite well that CBN has been aggressively engaged […]
The Waning of Monetary Policy as tool to control rising Inflation
Nigeria’s Inflation rate increased from 11.1 percent to 12.8 percent The inflationary pressure is escalating and at 12.8 percent inflation rate recorded at the ending of first quarter of 2011 is not showing any sign of coming down. According to the data coming from the National Bureau of Statistics (NBS) the February inflation […]
Nigeria: IMF, Standard and Poor’s Reports acknowledge progress not stability
http://afripol.org/ Nigeria’s macroeconomic stability and banking sector are potentially sound as suggested by reports coming respectively from the International Monetary Fund (IMF) and influential credit rating agency Standard and Poor’s (S&P). On the report issued by IMF after its consultation with Nigeria, in which the country’s macroeconomic wellbeing and stability were reviewed, IMF’s report was […]
Nigeria’s Removal of fuel subsidies: Be Gradual, Considerate and deliberately slow
"A nation’s greatness is measured by how it treats its weakest members." ~ Mahatma Ghandi Economists, policy makers and economic observers know that fuel subsidies as being implemented in Nigeria since 1970s is not sustainable. But one thing that policy makers and stake holders including the executive and legislative arms of the government together with the […]
Vigilance Urged on Asian Inflation
Asian central banks are being urged to stay vigilant on the medium term threat of inflation as they are locked in a prolonged period of loose monetary policy. This week, Indonesia reported 7.3% inflation in April, its lowest level since December 2007, and South Korea announced a 3.6% inflation rate for last month a 14-month […]
VIGILANCE URGED ON ASIAN INFLATION
Asian central banks are being urged to stay vigilant on the medium term threat of inflation as they are locked in a prolonged period of loose monetary monetary policy. This week, Indonesia reported 7.3% inflation in April, its lowest level since December 2007, and South Korea announced a 3.6% inflation rate for last month a […]
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