Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …
monetary policy
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AfricaCentral BankingDigital EconomyEconomyFinanceGlobal NewsInflationUGANDA
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BusinessDevelopmentEconomyFinance & ServicesPolicies
High Interest Rate Now Top Challenge for Nigerian Businesses – CBN Survey
Businesses across Nigeria say high interest rates have become the most severe challenge affecting their operations, surpassing long-standing problems like insecurity and poor electricity supply. This was revealed in the …
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EconomyGhanaPoliciesWestern Africa
Ghana Inflation Drops to 18.4% in May 2025, Lowest in Over Three Years
Ghana’s inflation rate has continued to fall for the fifth month in a row, with the latest figure standing at 18.4 percent in May 2025. This is the lowest level …
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EconomyMarketsPoliciesWestern Africa
Ghana’s Inflation Drops to 18.4% in May, Hits Lowest Level Since 2022 Amid Economic Recovery
Ghana’s consumer inflation dropped for the fifth consecutive month in May, falling to its lowest level in over two years as economic pressures ease across the country. The Ghana Statistical …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTMarketsPoliciesSouth Africa
South African Rand Holds Ground as Central Bank Pushes for Lower Inflation Target
The South African rand managed to hold on to most of its gains from the previous day during early trading on Friday, May 30, 2025, following fresh comments from the …
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Banking, Finance & InvestmentEconomyINVESTMENTMarketsNigeriaOil & Gas
Nigerian Stock Market Gains 64% in One Year Amid Investor Confidence and Strong Corporate Results
The Nigerian stock market has recorded a major gain of 64.11 per cent from July 2023 to June 2024, as the All-Share Index of the Nigerian Exchange Limited (NGX) rose …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsOil & GasPolicies
CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …
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EconomyFinance & ServicesFood ProductionGOVERNMENTPoliciesSouth Africa
South Africa’s Inflation Rises Slightly in April Amid Food Price Pressure and Speculation Over New Target
Inflation in South Africa rose slightly in April 2025 due to higher food prices, although it remained below the central bank’s official target range. This is according to new data …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTPolicies
CBN Keeps Interest Rate at 27.5% as Business Leaders Push for Reduction Amid Economic Concerns
The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR), also known as the interest rate, at 27.50 per cent. This announcement was made by …
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Banking, Finance & InvestmentBusiness InsightsBusiness PoliciesEconomyFinance & ServicesINVESTMENTNigeria
CBN Increases Treasury Bills Offer to N550bn as Investor Demand Drops by 29%
The Central Bank of Nigeria (CBN) has raised its total offer at the latest Treasury Bills Primary Market Auction to N550 billion, an increase from the N400 billion offered in …