The International Monetary Fund (IMF) has issued a cautionary note, suggesting that the United Kingdom may experience five more years of elevated interest rates in a bid to curb escalating […]
Tag: interest
Asian stocks slips to 9 month lows amid concerns about China’s economy and US interest rates
Asian shares dipped to their lowest levels in nine months on Thursday, while the dollar reached a two-month peak, reflecting concerns about China’s sluggish economic rebound and apprehensions that the […]
Economists criticize interest rate hike as inflation persists
Economists are calling on the Central Bank of Nigeria (CBN) to shift its focus towards addressing supply-side factors, cost-push influences, and structural issues that are driving inflation in the country. […]
Nigeria’s central bank raises benchmark interest rate to 18.5% – Highest in 22 years
The Central Bank of Nigeria has raised its benchmark interest rate (MPR) to 18.5% during its recent Monetary Policy Committee (MPC) meeting. This marks the highest interest rate in the […]
Rising interest rates in Nigeria push businesses towards unconventional debt options
Businesses in Nigeria are increasingly turning to the debt capital market as they struggle with rising interest rates, devaluation and inflation. Six firms, including ABC Transport, Ardova and Dangote Cement, […]