Nigeria’s Economy at Risk: UK’s Naira Deal Sparks Liability Concerns and Sky-High Interest Rates
The recent decision by Britain's export finance agency to add the Nigerian naira to its list of "pre-approved currencies" marks ...
Tag: interest rates
Britain to add Nigeria’s naira to list of accepted trade currencies.
In a move signaling its commitment to bolstering trade ties with Nigeria, Britain's export finance agency has announced the inclusion ...
Navigating the Complexities of Digital Lending: Why Outright Bans are not the Solution.
The advent of technology has revolutionized the way we conduct business and interact with financial services. In Nigeria, the rise ...
CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%
In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to ...
Bitcoin Holds Steady Above $30,000 as China’s Signal End of Global Liquidity Tightening
Bitcoin maintained its position above $30,000 on Monday as China's producer price index (PPI) data suggested that the global liquidity-tightening ...
Nigeria’s Financial and Economic Outlook for the First Half of 2023: Evaluating Key Indicators.
Nigeria has been navigating a challenging economic landscape in the first half of 2023. As the country grapples with various ...
UK construction output falls for first time in five months.
The UK construction industry experienced a renewed decline in business activity in June, primarily due to a significant downturn in ...
UK Inflation Holds Steady at 8.7% in May, Posing Challenges for the Economy and Consumers.
The latest figures on UK inflation have been released, revealing that consumer prices rose by an annual 8.7% in May, ...
US holds interest rates steady for the first since 2022, Assessing Inflation Impact.
The United States central bank, the Federal Reserve, has announced its decision to maintain interest rates at their current levels, ...
Gold Inches Up as Dollar Softens Ahead of U.S. Inflation Data and Fed Policy Decision.
Gold prices experienced a slight uptick on Tuesday as the dollar weakened, although the precious metal remained within a narrow ...
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