The race to lead the European Central Bank

Ghana’s central bank has additional space to loosen policy thanks to the global move toward lower interest rates, as long as inflation slows, according to Governor Ernest Addison. He was interviewed by Bloomberg TV’s Manus Cranny st the World Economic Forum on Africa in Cape Town.

About 500,000 bags of local rice was sold by millers within one week of the border closure, the Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has revealed.

The Central Bank of Nigeria (CBN) and commercial banks in the country came under fire yesterday over disparities in deposit and lending rates obtainable in their offices. The upper legislative chamber lamented that interest rate on loans operated by commercial banks and approved by the CBN remained one of the highest in the world.

As five more COVID-19 cases were confirmed in Nigeria on Wednesday, the government swung into action and made some swift reforms which include the reduction of petrol pump price – a N1.5 trillion cut in the 2020 budget and a travel ban on 13 countries with high COVID-19 infection rates. The Central Bank of Nigeria also announced a N1.1 trillion intervention fund to boost the economy. Adeoye Adefulu, Partner at Odujinrin and Adefulu and Kola Masha, Managing Director of Babban Gona both join CNBC Africa to discuss how these moves would impact some key sectors of the Nigerian economy.

Wirecard was said to have $2.1 billion in two Philippine banks, but the country's central bank said that documents linking them to the money were fake. The German financial startup has been marred by fraud allegations.

The European Central Bank is hoping for a "positive" outcome to the negotiations on the future relationship between the United Kingdom and the European Union despite "what has been observed in the last few days," ECB chief Christine Lagarde says.

These are trying times for Nigeria's economy, as an expected recession means the government has to take pro-active steps to mitigate the impact of the recession and recover in the shortest period. Meanwhile, President Buhari has asked the Central bank of Nigeria to stop issuing foreign exchange for food and fertilisers imports. Andrew Nevin, Partner and Chief Economist at PwC Nigeria joins CNBC Africa’s Kenneth Igbomor to assess the state of the Nigerian economy.

Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣⁣

The Central Bank of Nigeria has banned the sale of cryptocurrencies in the country although they are very popular particularly among young people there. IT expert Senator Ihenyen looks at what's behind the lender's move.

The head of France's central bank has said he expects the French economy to recover from the pandemic slump by the middle of 2022. The bank is expecting the economy to grow by 5.5 percent this year, after a slump of more than 8 percent in 2020. The April lockdown is also having a limited effect on economic activity, according to the bank's latest report. Meanwhile, French industry is suffering from shortages of key materials such as semiconductor chips, wood and metals, which may cause consumer prices to rise.

After Recep Tayyip Erdogan fired a hawkish Central Bank governor and installed a like-minded critic of high interest rates, the new governor is expected to fulfill the president's wishes for lower interest rates.

The European Central Bank has said it is taking the next step toward launching a digital version of the euro. The move comes amid a boom in crypto and other digital currencies.