Business

CBN Retains 5% Interest Rate For Critical Sectors

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Central Bank of Nigeria, CBN, has agreed to leave interest rates at five per cent per annum for critical sectors and manufacturing industries until March 2023.

According to CBN, the decision followed the resolution of the Monetary Policy Committee to increase benchmark interest rate to 13 per cent from 11.5 per cent.

Written by: Helen Obih

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Tunisia’s Union Calls for National Strike

Tunisia’s Trade Union has called for a National strike on June 16 to demand an increase in wages for State Workers. A statement issued on Tuesday by the Union Central Committee, rejected the spending cuts proposed by the Country’s President, Kais Saied. The statement accused Saied’s government of undermining the principle of negotiation and backtracking on previously agreed deals.

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