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Nigerian National Petroleum Corporationcastle Capital Pte Ltd Form

Nigerian National Petroleum Corporationcastle Capital Pte Ltd Form

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welcome to cc's weekly nigeria economic update this week's economic update highlights the increase in monetary policy rate to 14 nnpc's transition to nnpc limited an increase in international monetary fund 2023 growth projections to 3.2 percent [Music] the monetary policy committee of the central bank of nigeria in its 143rd communique voted to raise the monetary policy rate by 100 basis points to 14 from 13 in may 2022 in the july edition of the world economic outlook the international monetary fund retained nigeria's growth projection for 2022 at 3.4 percent as reported in the april edition the projection for 2023 was however increased by 0.1 percentage point from 3.1 in the april edition to 3.2 percent [Music] in line with the provisions of the petroleum industry act the nigerian national petroleum corporation nnpc on july 16 was transformed into a new entity nnpc limited and will be regulated under the provision of the companies and allied matters ac

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