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Nigeria’s inflation rate climbs further to 14.89 per cent in November, due to the spike in the prices of basic food items in recent times due to border closures, dollar restrictions and the recent banditry attacks preventing farmers from producing foods.
The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted unanimously to keep the Monetary Policy Rate (MPR), at 11.5%.
Fitch Ratings has revised the Outlook on Lagos State's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Stable from Negative and affirmed the IDRs at 'B'.
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced on September 22 that the bank has lowered its key interest rate from 12.5 to 11.5%.
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