Tag: interest

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High Interest Rates Threaten Growth, Stakeholders Warn CBN

CBN Governor, Olayemi Cardoso High interest rates remain a major concern for businesses, with stakeholders warning that persistently tight monetary policy could slow economic growth and limit access to credit. President of the Enugu Chamber of Commerce, Industry, Mines and Agriculture, Nnanyelugo Onyemelukwe, said the Central Bank of Nigeria’s (CBN) reforms have strengthened transparency and

All about TAO’s 15% hike and how its Open Interest hit new highs

Bittensor (TAO) is making waves. Especially since a t press time, TAO stood out as one of the day’s biggest gainers. The altcoin recorded a 15% daily surge, sparking fresh interest from both traders and investors. Needless to say, this sharp move has triggered a noticeable shift in market activity, with buyers further extending their dominance.

Interest in Lookman soars despite Atalanta scuffle

Soccer Monza, Italy, 4th May 2025. Ademola Lookman of Atalanta during the AC Monza vs Atalanta Serie A match at U-Power Stadium, Monza. . Super...

“There was interest”

Soccer Super Eagles midfielder Alex Iwobi has admitted that he could have joined Nottingham Forest in 2023, but the transfer did not work out,...

NBE, Banque Misr cut interest rate on US dollar CDs

Banque Misr and the National Bank of Egypt (NBE) on Tuesday announced a reduction in the interest rate for the three-year dollar-denominated certificates of deposits (CDs) with a quarterly return to five percent – down from six percent annually. The interest rate on the three-year CDs with a prepaid return...

Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy

OTTAWA —The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.75 per cent after the central bank’s seventh consecutive rate cut...

Mixed interest in Williams’ debut budget

As finance minister Fayval Williams laid out her plans for the 2025-2026 fiscal year at the start of the budget debate yesterday, public reaction ranged from keen interest to complete indifference. While some Jamaicans closely followed the debate, eager to understand how it would affect their lives, others dismissed it as political noise with little

IMF: BoJ likely to raise interest rates again this year

Nada Choueiri, Deputy Director of the International Monetary Fund’s (IMF) Asia-Pacific Department and its mission chief for Japan, said on Friday that the “Bank of Japan (BoJ) is likely to raise interest rates again this year.” Additional quotes See them reaching levels deemed neutral to the economy by end-2027...

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