In this article, MARK ITSIBOR analyses Nigeria’s finance/economic sector with a particular focus on the efforts of the authorities to navigate the micro and macro challenges to embrace opportunities of new reforms. The year 2023 has been a pivotal one for Nigeria’s finance and economy, marked by a series of major events that shaped the nation’s financial landscape.
Against a backdrop of global economic uncertainties, geopolitical tensions, and the aftermath of the COVID-19 pandemic, Nigeria has faced challenges while also seizing opportunities for growth and resilience. In this in-depth news analysis, we delve into the key events and trends that defined the financial and economic trajectory of Nigeria in 2023.The Central Bank of Nigeria (CBN) played a crucial role in navigating the complex economic terrain of 2023. In response to persistent inflationary pressures, the CBN adopted a nuanced approach to monetary polic