Tag Archives: Cardoso

‎The naira gained 7.14% in 12 months with $7.53 billion in cumulative forex market intervention in 2025. The amount deployed to defend the local currency outpaced the year-on-year increase in the gross external reserves balance.

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Despite a significant decline in Nigeria’s inflation rate to 24.48% year-on-year in January 2025, many Nigerians continue to grapple with the high cost of living, particularly soaring food prices. This marks a notable drop from the 34.80% inflation recorded in December 2024, according to the latest report from the National Bureau of Statistics (NBS). Announcing the figures on Tuesday, the …

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