Nigeria unveils big rate hike as hardship prompts worker protests

Capital Economics analyst David Omojomolo said that Cardoso had "stepped up to the plate" by showing greater appetite to tackle Nigeria's inflation problem than the central bank had done previously.

David Omojomolo, emerging market economist at Capital Economics, said in a note to clients that the central bank had showed an “appetite to tackle the inflation problem and restore its battered...

David Omojomolo, Africa economist at Capital Economics, said: “Other central banks have been able to operate with negative equity positions, but it’s not clear investors would look kindly on this in...