CBN Increases Interest Rate to 27.5% to Combat Inflation
The Central Bank of Nigeria (CBN) has raised the country’s Monetary Policy Rate (MPR) by 25 basis points, bringing it ...
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Egypt’s Currency Devalued Over 30% Following Significant Rate Increase
Egypt has initiated a significant devaluation of its currency, resulting in a depreciation of approximately 35%, subsequent to a massive ...
First Bank, Ecobank, 4 Others Generate N891bn from Loan to Customers in H1 of 2023
Nigerian Banks Record 47% Increase in Loans Amid Regulatory Measures In a notable development, six major Nigerian banks collectively reported ...
South African Rand Plunges to New Low as Interest Rates Rise
The South African economy has been facing a turbulent period, marked by worsening electricity shortages, rising inflation, and recent allegations ...
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