Nigeria holds, outlook remains uncertain
The Central Bank of Nigeria has kept its benchmark rate unchanged at 6% and pledged to ensure the financial system remains liquid.
The Monetary Policy Committee announced its decision to hold, which was widely expected, on Monday.
The central bank noted the rise in global oil prices would benefit Nigeria as a major oil-exporting nation. However continued recession in most industrialised economies raised "real questions" about whether the oil price would remain high. Inadequate capital in the
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