Nigeria's federal system gives the country's 36 states some fiscal flexibility and relative independence, creating scope for each one to have a different credit profile, Moody's Investors Service said in a report released yesterday.
Nigeria will be the first African country to receive Google’s free public Wi-Fi service, this according to a recent announcement by the U.S technology firm.
Nigeria's central bank kept its monetary policy rate (MPR) steady at 14.0 percent, as expected, but three of the 10 members of its monetary policy committee voted to raise rates, arguing inflation is still above the bank's target range and tightening would help "stem the tide of capital flow reversals in the face of sustained monetary policy normalization in the US."
Nigeria's central bank left its monetary policy rate at 14.0 percent, as expected, noting the third consecutive quarter of economic growth in the fourth quarter of last year, continued moderation in inflation and continued stability in the naira's exchange rate.
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