Thu Jan 28, 2016/Reuters South Africa’s Reserve Bank raised its benchmark repo rate by half a percentage point as expected on Thursday, saying the outlook for inflation had deteriorated significantly even as economic growth slowed. Nineteen of 31 economists polled by Reuters said the central bank would hike interest rates […]
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Nigeria’s Buhari against devaluing naira, sees recovery soon
January 28, 2016/Reuters Nigeria’s President Muhammadu Buhari is against devaluing the naira, his office said on Thursday, backing the central bank’s stance of keeping rates unchanged in the face of sharp falls against the dollar on the black market. The central bank decided on Tuesday to keep the current official […]
Motorists, firms to pay more for insurance
January 28, 2016/Punch Nike Popoola The cost of procuring insurance cover for vehicles and corporate businesses will soon be reviewed upward by the Federal Government and operators in the underwriting business to make up for inflation and the lingering economic challenges in the country, investigation has revealed. Some of the […]
