South Africa may follow Nigeria’s steps as economists predict 25bps rate cut
South Africa's apex bank may reduce interest rate by 25 basis points next week, says economists who responded to a ...
Wednesday, April 1, 2026
Tag: CBN
CBN reduces banks daily deposits at standing deposit facility to N2bn
Effective from tomorrow (July 11), the Central Bank Bank of Nigeria says it will no longer remunerate daily bank deposit ...
Ramaphosa reappoints Kganyago as South Africa Central Bank head
South Africa. President Cyril Ramaphosa has reappointed Lesetja Kganyago as governor of the Reserve Bank. Kganyago will serve another five ...
Nigeria central bank reassures foreign investors on fears over MTN’s$8bn refund, says no firm under investigation
Godwin Emefiele, governor of Nigeria’s central bank has allayed foreign investors’ anxiety over the safety of their investments in the ...
Nigeria, among 40 African countries to benefit from EIB’s €200m jobs, climate action support
Nigeria, Africa’s largest economy by gross domestic product (GDP), is among 40 African countries that would benefit from a European ...
Contrast as South Africa raises rate, Nigeria retains rates
It is a world of contrasts for Africa's two largest economies: South Africa and Nigeria. While Nigeria's Central Bank of ...
CBN retains MPR at 14%, holds other rates
Contrary to widespread speculation by analysts and financial market commentators, the Central Bank of Nigeria's(CBN) Monetary Policy Committee (MPC) on ...
Wall Street recovers as technology stocks bounce back
U.S. stocks recouped some losses on Wednesday after a brutal two-day selloff as strong earnings from Foot Locker and gains ...
OECD projects slow global growth over trade tensions
Trade tensions and higher interest rates are slowing the global economy, but not likely to portend sharp downturn, the Organisation for ...
Sell-offs in Dangote, GTB, ETI drag all-share index down
Sell-offs in highly capitalised stocks such as Dangote Cement (-1.7%), Guaranty Trust Bank (-3.0%) and Eco Transnational Incorporated (-3.1%) led ...
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