By Esther Ososanya Nigeria may be basking in the glow of global praise, but Central Bank Governor Olayemi Cardoso says it’s no time to relax. Speaking during the Monetary Policy Committee (MPC) meeting in Abuja, Cardoso acknowledged the International Monetary Fund’s (IMF) commendation of Nigeria’s recent fiscal and monetary reforms but issued a stern reminder,the …
By Esther Ososanya The International Monetary Fund (IMF) has commended Nigeria’s monetary and fiscal authorities for implementing critical reforms that have boosted macroeconomic stability and driven down inflation to 23 percent. In its Article IV report released Tuesday, the IMF said Nigeria’s Central Bank maintained an appropriately tight monetary policy stance and urged it to …
