Celebrating Nigeria’s latest inflation figures as proof that price stability has finally arrived is dangerously seductive. It has not. No doubt, the Central Bank of Nigeria under Olayemi Cardoso can point to reforms, stronger external reserves, a more orderly foreign-exchange market, banking-sector recapitalisation, improved remittance flows, and moderating headline inflation, …
Read More »Olayemi Cardoso’s three years and the 23% rate cut test, By BLAISE UDUNZE
