Nigeria's central bank left its Monetary Policy Rate (MPR) at 14 percent, as expected, and said it was concerned "that loosening would exacerbate inflationary pressures and worsen the gains so far achieved in the exchange rate of the naira."
Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to Angola, according to latest data from the Organisation of Petroleum Exporting Countries (OPEC).
The federal government of Nigeria has announced that registration of unemployed Nigerians will begin on Wednesday, April 5.
The Minister of Finance, Kemi Adeosun, has announced that the Central Bank has approved a licence for the Development Bank of Nigeria (DBN).
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