Breaking: Nigeria Prepares To Surmount Yet Another Hash Global Economic Outlook

The Central Bank of Nigeria has once again retained Monetary Policy Rate at 14 percent, Cash Reserve Ratio at 22.5 percent, Liquidity Ratio at 30 percent and the Assymetric corridor at plus 200 and Minus 500 basis points. Speaking on the out come of the first Monetary Policy Committee Meeting for the year 2019 in the Nigeria’s capital, Abuja, CBN Governor Godwin Emefiele attributed the decision to maintain the status quo to the uncertainty in the global economic outlook due to the trade war between the US and its major allies. Mr. Emefiele emphasised that Nigeria is not immune to the global economic happening as such must take a proactive measure to protect the nation’s Economy.