Expert reacts as Nigeria MPC retains lending rate at 14%
26 July 2018 |
12:21 pm
Although Nigeria's Central Bank Governor, Godwin Emefiele, announced that the country's baseline rate would be maintained at 14 per cent, he stated plans to implement initiatives that could reduce the cost of funds to key sectors of the country's economy.
Related
3 days ago
The US had previously blocked Turkey from buying fighter jets because the Turkish government had purchased S-400 defense air systems from Moscow.
18 Oct
After the European car industry moved much of its production into Eastern Europe, some believe the next step is Africa, both for production and a growing consumer market. Should Germany's eastern neighbors be worried?
18 Oct
In the quiet Texas town of Rockdale, North America's largest bitcoin mine is part of an already bustling US business now boosted by Beijing's intensified crypto crackdown that has pushed the industry west.
18 Oct
Facebook has announced that it will expand in the European Union to build a new computing platform. It comes as the tech giant contends with concerns over its practices.
4 days ago
The new Lebanese government is to resume negotiations with the IMF after talks stalled 13 months ago. Success, however, is not guaranteed, warn some experts.
3 days ago
Farmers and lobby groups are split on an EU agricultural reform that may increase farmers' incomes and consumers' prices. A DW joint report reveals a rift between farmers and the groups purporting to represent them.
3 days ago
Africa's glaciers could all be gone by 2040. The UN forecasts a grim toll for Africa from climate change. It has also warned that massive displacement, hunger and extreme heat are in store for over 100 million of the continent's poorest. And October 19 marks Breast Cancer Awareness day, In Tunisia campaigners are ramping up efforts to get more people in for screenings on time.
2 days ago
Sendbox, a Nigeria-based e-commerce platform, has secured $1.8 million from a seed round led by 4Dx Ventures, Enza Capital, FJLabs, and Golden Palm Investments, bringing its total investment to $2 million.
2 days ago
Experts question whether Google's planned $1 billion investment in Africa stands to benefit the continent in the long term. Instead, some see it as another avenue for big tech companies to acquire budding start-ups.
1 day ago
It has been five years since the German government enacted the prostitution protection act. Lawmakers say it protects vulnerable people; many sex workers say it is discriminatory, stigmatizing and has increased risks.
2 days ago
Ghana's smock garment used to be reserved for royal use. These days, a flood of imported yarn has opened the market to near universal use, and the smock has become a Ghanaian clothing icon. Yet the country's collapsed cotton industry has left the financial fortunes of weavers and smock makers hanging by a thread.
2 days ago
New Zealand Prime Minister Jacinda Ardern announces a comprehensive in-principle free trade agreement with the UK, arrived at after 16 months of talks. London said the deal ends tariffs on British exports such as clothing, footwear, ships and bulldozers. It estimated that trade between the two countries last year was worth £2.3 billion ($3.2 billion, 2.7 billion euros).
Latest
1 day ago
Here are a few reasons to pick up a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on Saturday.
1 day ago
Pro-military protesters in Sudan want the civilian government gone and military leaders to take over. But critics of the rallies say they are far from organic and have been orchestrated by security forces and backers of the former regime. Meanwhile in Ethiopia, state media confirms that the military launched air strikes on Tigray's capital Mekele after almost a year of deadly conflict.
1 day ago
Emergency crews in Eswatini help people who were injured during pro-democracy protests, in which at least one person died and 80 others were injured. Eswatini security forces used live ammunition to break up a pro-democracy protest by nurses, shooting at least 30 of them, their union says.
1 day ago
"It has always been my dream to succeed at Barca," Fati says
1 day ago
How do you define courage? Annette Young talks to Chanel Miller, whose sexual assault at Stanford University sparked public outrage after her assailant served just three months in jail. She bravely decided to go public with her identity and her book has just been published in French.
