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January 26, 2022

Nigeria in 1min: Economic, Business and Financial Headlines - 260122

Momentum Builds for Oil Prices at US$100 a Barrel

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January 25, 2022

CBN Stands Pat on MPR, Downplays Significant Capital Flight

In line with our expectation, the Monetary Policy Committee (MPC) of the CBN voted unanimously to retain the benchmark Monetary Policy Rate (MPR) at 11.5%, the asymmetric corridor around the MPR at +100bps/- 700bps, Cash Reserve Requirement (CRR) at 27.5%, and liquidity ratio at 30.0%.

297 VIEWS

January 25, 2022

WEO January 2022: Rising Caseloads, a Disrupted Recovery and Higher Inflation

The global economy enters 2022 in a weaker position than previously expected. As the new Omicron COVID-19 variant spreads, countries have reimposed mobility restrictions. Rising energy prices and supply disruptions have resulted in higher and more broad-based inflation than anticipated, notably in the United States and many emerging market and developing economies.

320 VIEWS

January 25, 2022

Momentum Builds for Oil Prices at US$100 a Barrel

The global oil prices hit 7-year highs last week as Brent crude futures briefly touched US$89 per barrel. In contrast, US West Texas Intermediate (WTI) crude futures hovered around US$85 per barrel on the expectation of supply disruption following a series of fatal attacks in the Middle East and geopolitical tension in Eastern Europe.

508 VIEWS

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