Apex bank to hold its 274th Monetary Policy Committee meeting on Monday, July 20, 2020.
Investors and executives will nevertheless have to navigate a changed landscape.
Regarding the currency outlook, respondent firms expect the Naira to depreciate in the current month.
Nigeria’s external reserve position is now $9 billion years to date and down from its peak of $45.17 billion achieved.
The problem with inflation getting to high is that it erodes income, reduces value of naira.
Inflation rate rise to 12.4% in May, 0.06% points higher than 12.34% recorded in April.
The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers of government in April 2020 from the revenue generated in March...
Nigeria’s total foreign trade (import and export) rose marginally by 0.8% year on year, when compared to N8.24 trillion recorded in the corresponding quarter of 2019.