Central Bank of Nigeria (CBN) 295th Monetary Policy Committee (MPC) Meeting Outcome – 21/May/2024: Monetary Policy Rate (MPR) was raised by 150 basis points from 24.75% to 26.25%. Asymmetric Corridor retained at +100/-300 basis points around the MPR. Cash Reserve Ratio (CRR) retained at 45.00% for DMBs and 14% for […]
Updates
Congo Lauds Partnership with AfDB, Seeks Enhanced Climate Funding
The Bank also funded fiber-optic networks connecting Congo to Cameroon and the Central African Republic and is financing studies for a road-rail bridge between the two Congos May 21, 2024/AfDB The Congolese government has lauded the African Development Bank Group for its vital support to the nation’s development, particularly in […]
Liquid Intelligent Technologies and Eutelsat Group Bring Low Earth Orbit Satellite Services to Africa
The strategic integration of the OneWeb LEO satellites present a paradigm shift in satellite technology, offering lower latency, faster orbital periods, and higher bandwidth May 21, 2024/Liquid Intelligent Technologies Liquid Intelligent Technologies, a pan-African technology group, announces a distribution partner agreement (DPA) with Eutelsat Group that will see enterprise-grade Low […]
