22 Sep 2022
Many central banks around the world are following the lead of the US Federal Reserve and raising their benchmark interest rates in order to rein in inflation. The Bank of Japan, however, is marching to the beat of its own drum. At a policy meeting this Thursday, the bank maintained its ultra-loose monetary policy in a bid to spur more internal demand. Meanwhile, the yen and many other currencies continue to fall against the dollar.
21 Dec 2021
Retirees of the Power Holding Company of Nigeria [PHCN], have protested non-payment of 33 percent increment in their pension. Their demands include a 42 percent shortfall payment for the past 21 years to the year 2000. Harmonisation of pre-2003 retirees; and monetisation of post-2004 retirees. The demands also include a 33 percent pension rates increment of July 2010, paid to all other Defined Benefit Scheme (DBS), pensioners to date.
21 Jul 2017
European Central Bank President Mario Draghi comments on the central bank's interest-rate decision, and the inflation and growth outlook during a news conference on policy, rates, inflation and the economy following the Governing Council's meeting in Frankfurt.