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UPDATE 2-Nigeria cbank sees stronger growth after bank reform

Fri Aug 28, 2009 8:08pm IST
 
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He told the London conference that non-oil GDP growth should be "robust" at above 6 percent this year, and projected an inflation rate of 9 percent at the end of the year.

Nigeria's consumer inflation dipped to 11.1 percent year-on-year in July from 11.2 percent the previous month.

Sanusi cut interest rates to 6 percent from 8 percent in July, following his first monetary policy meeting as governor.

He also said Nigeria would get $2.8 billion in special drawing rights from the International Monetary Fund this year. (For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Writing and additional reporting by Nick Tattersall in Lagos; Editing by Toby Chopra)

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
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