Ndiame Diop becomes Nigeria’s World Bank Country Director after Shuham Chaudri
Ndiame Diop resumed office yesterday as the new World Bank country director after Shubham Chaudri, the man that occupied the office since 2019 left last month. This is the second time in under a year that the Bretton Woods institution are changing their leadership in Nigeria. The International Monetary Fund (IMF) replaced Ari Aisen as […]
Interest rate decisions cannot be arbitrary … Let’s focus on stability first
Later this month, the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) will meet to determine interest rates – unchanged, raise, or reduce. The committee at the 295th meeting of the MPC held on 20th and 21st of May 2024 raised the monetary policy rate by 150 basis points to 26.25% from […]