Tag: interest rate
According to an IMF representative of Nigeria, the country’s income is much lower than its peers in Sub-Saharan Africa and other oil exporters.
Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday.
“In recent weeks, the South African Government, business community, philanthropists and society at large have shown remarkable unity in a joint effort to protect our country against the impact of COVID-19,” writes FNB Chief Executive Officer, Jacques Celliers.
Nigeria’s Monetary Policy Committee (MPC) will today announce the 6th and final monetary decision of the year. CEO of CFG Advisory, Tilewa Adebajo and Group Head of Corporate Banking at Coronation Merchant Bank, Ademola Adekoya both join CNBC Africa to discuss some issues that could influence the MPC’s decision.
Byron Lotter, Portfolio Manager, Vestact joins CNBC Africa’s Fifi Peters to look at local market movers and shakers.
The decision will help to stabilise the local currency which has come under marginal pressure in recent weeks.
Ghana’s central bank kept its benchmark interest rate at 20 percent on Monday, citing the need to keep inflation within its medium-term target of 8 percent plus or minus two percentage points,...
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