Bank of England To Raise Interest Rates After Pound's Fall
The Bank of England has said it will not hesitate to hike interest rates to curb inflation after the pound fell to a record low against the US dollar. The Bank says it was monitoring developments clos...
28 Sep 20221min
World Bank Slashes Economic Outlook For Asia Over China Slowdown
The World Bank has slashed its economic outlook for the Asia-Pacific, pointing to China’s ultra-strict zero-COVID policy as a drag on regional growth. The region’s economies are expected to grow 3.2 p...
28 Sep 20221min
Kremlin Says No Decision To Seal Russia’s Borders
The Kremlin says no decision has been taken on whether to seal Russia’s borders to stop an exodus of military-aged men fleeing the country after days of chaotic scenes during partial mobilisation for ...
28 Sep 20221min
Tanzania Central Bank To Reduce Liquidity To Tackle Inflation
Tanzania’s central bank will reduce liquidity in the economy in September and October to slow rising inflation in the east African country. The bank’s monetary policy committee says in the context of ...
28 Sep 20221min
Angola Central Bank Cuts Main Interest Rate As Inflation Falls
Angola’s central bank cut its main interest rate by 50 basis points to 19.50% in a decision. The move comes after the southern African country’s inflation eased further to 19.78% on a year-on-year bas...
28 Sep 202241s
IMF, First Bank Seek Unified Exchange Rate for Nigeria
The International Monetary Fund has recommended a unified exchange rate to strengthen Nigeria's macro economy and external reserves. IMF Representative for Nigeria, Mr Ari Aisen, canvassed complementa...
28 Sep 20221min
Absence Of Data Protection Law In Nigeria Delays World Bank Funds
The Project Coordinator, Nigeria Digital Identification for Development, Solomon Odole, has disclosed that the financiers of the Nigeria Digital ID4D Project have made the enactment of the data protec...
28 Sep 20221min
Nigeria Committed To Achieving Greener Shipping
The Federal Government has said that Nigeria is committed to achieving greener shipping in line with the International Maritime Organization’ determination to achieve sustainable development in the ma...
28 Sep 20221min
