As inflation in the southern African nation continued to decline, Namibia’s central bank lowered its main interest rate on Wednesday for the third consecutive month. Following...
Nigeria’s central bank hiked its benchmark interest rate for the sixth time this year on Tuesday, citing inflationary and currency rate pressures in Africa’s most populous...
Tanzania’s mining regulator has ordered all gold exporters to sell at least 20% of the metal to the central bank to diversify its foreign reserves. The...
All point-of-sale operators are required by the Central Bank of Nigeria to route transactions through authorised payment terminal service aggregators. The steps were taken to improve...
According to the Financial Times on Friday, Sadiq al-Kabir, the governor of Libya’s central bank, stated that he and other senior bank employees were compelled to...
After establishing the benchmark in March, Nigerian institutions have begun submitting plans to satisfy the new minimum capital requirements intended to fortify the financial system and...
The Central Bank of Nigeria (CBN) has issued N1.053 trillion (680 million dollars) in short-term instruments in the recently concluded sale of government securities. The sale is...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria will have its first interest rate meeting since July next week, after the Senate on...
The governor of Zimbabwe’s central bank says it is teaming up with the finance ministry to develop strategies to stabilise its local currency. The weaker commodity...
Zambia’s central bank says it is concerned over recent economic developments in the country, particularly the current high inflation rate, volatility of its currency, Kwacha, and...