Geregu Power named Mr Yari as his new chair to replace Mr Otedola in the wake of a board meeting where it was announced that the ownership of the company had changed hands.
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“Thus, maintaining the current stance of policy, amidst lingering global uncertainties, would allow the effect of previous policy rate hikes to sufficiently transmit to the real economy and further reduce prices,” Mr Cardoso said at the end of the meeting.
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“These reforms are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for our country,” he said.
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