Central Bank of Nigeria Announces Good News For Nigerians Ahead of 2023 Ending
Saturday 25 November 2023
Comment
In a promising development, Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has revealed that the monetary policy measures implemented by the apex bank are set to significantly address the issue of inflation in the coming two quarters. Speaking at the 58th Bankers Dinner of the Chartered Institute of Bankers of Nigeria in Lagos on Friday, Cardoso expressed confidence that the measures undertaken by the CBN are already showing positive results, with a notable decline in month-on-month inflation growth.
"While absolute inflation is still on the rise, the decreasing rate of growth signifies progress. The CBN is optimistic about effectively managing inflation with the ongoing tightening measures for the next two quarters," stated Cardoso. He further highlighted that month-on-month inflation has commenced its descent, recording a growth rate of 0.67 percent in October, down from 0.97 percent in the previous period. CONTINUE READING........
The announcement comes at a crucial time as Nigeria has been grappling with soaring inflation, reaching an unprecedented high of 27.33 percent in October 2023. Dr. Cardoso's assurance of a forthcoming reduction in inflation provides a ray of hope for Nigerians, offering prospects of economic stability and improved financial conditions.
Advertisment:
*Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Data Sell* on Play store.👇
https://play.google.com/store/apps/details?id=bzdata.sell.topup
The Central Bank's commitment to implementing effective measures to curb inflation aligns with its strategic vision to create a more sustainable economic environment. The anticipation of a substantive decrease in inflation over the next two quarters signals positive prospects for the nation's economic outlook as it navigates through the challenges posed by inflationary pressures.
As the CBN continues its efforts to tighten monetary policy, the decline in month-on-month inflation growth is seen as an encouraging sign of the effectiveness of these measures. The governor's remarks at the Bankers Dinner shed light on the central bank's proactive stance and its determination to address economic concerns, fostering confidence among stakeholders. CONTINUE READING.......
For more details on the CBN's plans to tackle inflation and the governor's insights on the current economic landscape.
Advertisment:
*Data Sell:* Is Mobile app to buy Mobile data, Airtime, Nepa bills, TV subscription & data pins.
*We offer instant recharge of Airtime, Data bundle, CableTV (DStv, GOtv & Startimes), Electricity Bill Payment, Recharge Card Print and more.*
Install our App *Data Sell* on Play store.👇
https://play.google.com/store/apps/details?id=bzdata.sell.topup
Join Our Whatsapp Group
https://www.bzglobalservice.com.ng/p/join-our-groups-whtasapp-now-to-get-any.html
Our WhatsApp Channel
https://whatsapp.com/channel/0029Va4hi718vd1Mifphp11s
Our Facebook Page
Our Android App
0 Response to "Central Bank of Nigeria Announces Good News For Nigerians Ahead of 2023 Ending"
Post a Comment
Tell us what you think about this article?