Too early to hike key interest rate from 11.5%, Experts caution Nigeria

Nigeria records economic growth pick up first time in One Year as Oil, Factory Output Rise   Nigeria’s economic growth quickened in the first quarter as oil output started to recover and manufacturing production increased for the first time in a year. This, however, come with a caveat from experts who stated that despite the pickup in growth, it is still too early to increase the key interest rate from 11.5%. This same view was raised by the Governor of Central Bank of Nigeria, Godwin Emefiele.   READ ALSO: Nigerian…

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