CBN governor nominees, food prices... 7 business stories to track this week

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Here are the seven top business stories you need to track this week — September 18 to September 22.

Yemi Cardoso as the new governor of the Central Bank of Nigeria .

He also nominated four new deputy governors; namely Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala M. Bello.Ajuri Ngelale, special adviser to the president on media and publicity, announced the development in a statement on Friday.INFLATION RATE RISES TO 25.

In the report, food inflation rate in August 2023 was 29.34 percent on a year-on-year basis. This was 6.22 percent points higher compared to the rate recorded in August 2022 .Advertisementwas N87.38 trillion in the second quarter of 2023, recording an increase of 75.29 percent.reported at the end of the first quarter of the year., the debt office said the surge was occasioned by the N22.71 trillion ways and means advances obtained by the federal government from the Central Bank of Nigeria .

Confirming the development, Adebayo Adelabu, minister of power, said the collapse of the national grid was caused by a

 

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