Tanzania central bank cuts interest rate for banks
The Bank of Tanzania has reduced its discount rate for commercial banks from seven percent to five percent, with effect
Read more
Money
CBN guarantees investors of dollars for funds repatriation
Investors interested in repatriating their funds from the country are guaranteed to get their money, despite the drop in Nigeria’s
Read more
Sterling Bank’s Q1 profit falls to N2.04bn
Sterling Bank Plc saw its profit after tax decline to N2.04bn in the first quarter of this year. The lender
Read more
Foreign investors seek to exit naira assets, demand $1.8bn
Foreign investors are seeking to exit naira assets, with traders putting a backlog of demand for dollars at between $1.5bn
Read more
Nigerian banks agree to suspend lay-offs
Banks in Nigeria have agreed to suspend the retrenchment of workers in order to mitigate the negative impact of the
Read more
South Africa’s deputy finance minister wants central bank to print money
South Africa’s Deputy Finance Minister, David Masondo, has urged the central bank to temporarily create money to fund the government
Read more
Poorest countries can now seek debt relief – World Bank
The President of the World Bank Group, David Malpass, has announced the beginning of a debt relief initiative for the
Read more