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Nigeria Economic Update (Issue 12)

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) held the second meeting for the year on the 21st of March, 2022, and voted to retain the Monetary Policy Rate (MPR) at 11.5 percent. The MPC also voted to retain other monetary parameters1. The asymmetric corridor was retained at +100/-700 basis points around […]

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Nigeria Economic Update (Issue 7)

The total stock of money in circulation declined at the end of January, falling by 7.9% month-on month from N2.4 trillion in December1. Although the current stock of currency in circulation is 5% higher than the corresponding year, the decline in currency-in-circulation stands to reduce the current levels of inflation2. This potential impact is in […]

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