Bank of England cancels stress tests for UK’s biggest lenders
The Bank of England will postpone all non-critical supervisory work in the City and review plans to run the banking…
Day: March 21, 2020
Why the U.K. and U.S. Have Been Slow to Lock Down the Coronavirus Threat
On Friday evening, hours after a London hospitaldeclared they had run out of intensive care beds, Boris Johnson tightened the restrictions…
South Africa Regulator to Crack Down on Price Gouging in Disaster
South Africa’s Competition Commission will prioritize complaints about rising prices for essential products to ensure that firms exploiting consumers are…
Nigerian Central Bank Starts Uniform Exchange Rate for Naira
Nigeria’s central bank will migrate to a single exchange rate for the naira by collapsing the multiple exchange rate policy…
Uganda Cuts Growth Outlook as Coronavirus Outbreak Hurts Tourism
Uganda sees economic growth slowing to 5.2% to 5.7% in 2019-20 from an earlier forecast of 6% depending on the…
Why CBN ‘Technically’ devalued the naira
Yesterday, we reported that the Central Bank technically devalued the naira to exchange to the dollar at N380. According to…
Business activities fall as PMI drops to 57.3– CBN
The Central Bank of Nigeria on Wednesday disclosed that the Manufacturing Purchasing Managers’ Index in the month of January stood…