The Chartered Institute of Taxation of Nigeria (CITN) has said it is stepping up efforts to develop tax policies that target the digital economy and prevent base erosion and profit …
Monetary Policy Rate
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BusinessBusiness PoliciesDigital EconomyEconomyGOVERNMENTNigeriaPolicies
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeriaPolicies
Nigerian Banks’ Restricted Deposits with CBN Hit ₦18.82tn as Tight Monetary Policies Persist
Seven big Nigerian banks have reported a combined ₦18.82 trillion in restricted deposits with the Central Bank of Nigeria (CBN) as at March 31, 2025. This is a 7.3 percent …
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BusinessEconomyFinance & ServicesGOVERNMENTMarketsPoliciesPolitics
Naira Gains Ground Against Dollar as CBN Holds Interest Rate Steady
The Nigerian naira has shown consistent strength against the US dollar throughout the week, culminating in a notable appreciation on Friday, May 23, 2025.Data from the Central Bank of Nigeria …
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AfricaAgricultureEconomyFinance & ServicesINVESTMENTPoliciesZAMBIA
Zambia Keeps Interest Rate Steady at 14.5% as Inflation Forecast Improves
Zambia’s Central Bank has decided to keep its main interest rate unchanged at 14.50 percent. This decision comes after two recent hikes in the rate aimed at controlling high inflation …
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Members of the Organised Private Sector (OPS) have expressed fears that Nigeria’s rising inflation could kill the chances of reducing the country’s high interest rate. According to the National Bureau …