Nigeria

    Nigerian billionaire Aliko Dangote is planning to establish an oil trading company to manage crude supply for his new refinery in Nigeria, Reuters reported on Tuesday, March 5, 2024, citing sources familiar with the matter.

    In a decisive move to curb inflation and stabilise the economy, the Central Bank of Nigeria (CBN) has dramatically increased the monetary policy rate (MPR) by 400 basis points, setting it at an unprecedented 22.75%. 

    More Articles …

    1. Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
    2. Nigeria’s inflation hits 29.90% in January 2024
    3. Nigeria : Official exchange rate falls to record low N1,534 despite CBN’s policies
    4. Exchange rate closes N1,419.86/$1 at official market as Central Bank of Nigeria plans ‘FCY Gateway Bank’
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