Tag: interest rate

Nigeria’s central bank retains benchmark lending rate at 12.5%

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.

What to expect ahead of Nigeria’s MPC meeting

Nigeria’s Monetary Policy Committee is scheduled to announce its fourth monetary decision for the year later today.

Central Bank of Nigeria cuts benchmark lending rate to 12.5%

Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday.

FNB confirms measures to help customers impacted by COVID-19

“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 MPC: What will influence Nigeria’s MPC interest rate decision?

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.

Why this analyst believes SARB got its rate decision wrong

Byron Lotter, Portfolio Manager, Vestact joins CNBC Africa’s Fifi Peters to look at local market movers and shakers.

Ghana’s central bank keeps interest rate unchanged at 17 percent

The decision will help to stabilise the local currency which has come under marginal pressure in recent weeks.

Ghana central bank keeps policy rate unchanged at 20%

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,...