Nigeria’s economy grew 2.01% in Q1 2019
21 May 2019 | 1:49 pm
Nigeria's National Bureau of Statistics says the economy grew by 2.01 per cent in the first quarter of this year. Winston Osuchukwu, Co-founder of Trans-Sahara Incorporated joins CNBC Africa to unpack the first quarter GDP figures as well as expectations for Nigeria's Monetary Policy Committee meeting.
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During Buhari’s budget presentation, the Nigerian President said the 2020 budget is designed to drive fiscal consolidation to strengthen the economy. Meanwhile, the International Monetary Fund (IMF) says Nigeria's elevated fiscal deficits rely on central bank financing which complicates monetary policy. To breakdown Nigeria's spending plan, Sam Chidoka, Managing Director and CEO of Kairos Capital joins CNBC Africa.
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Nigeria’s Monetary Policy Committee (MPC) will announce its last monetary decision for the year on Tuesday. Head of Investment Research at Afrinvest Securities, Abiodun Keripe joins CNBC Africa to discuss expectations for the MPC decision.
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