Updates

Nigeria’s finance minister eyes interest rates cut to help economy

19/9/2016/Reuters Nigeria’s finance minister wants the central bank to lower interest rates so that the government can borrow domestically to boost an economy dogged by a recession without increasing its debt servicing costs, Kemi Adeosun said on Monday. Adeosun said she wanted the central bank to reconsider a hike to […]

Banks to close branches as recession bites hard

20/9/2016/Punch Oyetunji Abioye A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder, investigation by our correspondent has shown. It was similarly gathered that most of the banks would lay off hundreds of […]

UN Says Digital Payments Could Boost Tax Revenue by Nearly $500 Million Yearly, Drive Economic Modernisation in Tanzania

Findings illustrate how the private and public sector could work together to modernise economies, improve transparency and support financial inclusion and growth September 20, 2016/ Better Than Cash A new study from the United Nations-based Better Than Cash Alliance provides findings about the large potential gains for governments, businesses and […]