Bank & Finance

Jan 23, 2019
The rising gap between developmental needs and available financial resources – including poor revenue collection – has pushed sub-Saharan African governments to consider different options to support their budgets. One…
Jan 22, 2019
The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth.   In a new report on the world economic outlook, the IMF also warns of…
Jan 21, 2019
South Africa has disclosed that it turned down a request from Zimbabwe for an emergency loan of $1.2bn (£932m) in December.   Treasury spokesman Jabulani Sikhakhane said South Africa did…
Jan 20, 2019
The shortage of U.S. dollars in the country has plunged the financial system into disarray and forced businesses to close. Zimbabwe will introduce a new currency in the next 12…
Jan 18, 2019
The Economic and Financial Crimes Commission (EFCC) on Wednesday, said a staggering sum of $217.7 billion was illegally taken out of Nigeria between 1970 and 2008.   The anti-graft agency…
Jan 17, 2019
The pound edged down Wednesday after the record defeat of British Prime Minister Theresa May’s Brexit plan but mostly held its ground as investors consider the next likely developments in…
Jan 16, 2019
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) has granted approvals in principle for the merger of Access and Diamond banks.   This was disclosed…
Jan 14, 2019
The Central Bank of Nigeria (CBN) on Friday, intervened in the Retail Secondary Market Intervention Sales by injecting the sum of $263 million, the first in 2019.   A statement…
Jan 13, 2019
The rand fell to a three-month low on Thursday but is slowly recovering against the dollar. Picture: iStock The rand tumbled to its weakest in three months on Thursday, as…
Jan 12, 2019
The Central Bank of Nigeria (CBN) on Friday, intervened in the Retail Secondary Market Intervention Sales by injecting the sum of $263 million, the first in 2019.   A statement…
Jan 12, 2019
Zimbabwe will introduce a new currency in the next 12 months, the country’s Finance Minister said, as a shortage of United States dollars plunges the financial system into disarray, forcing…
Jan 11, 2019
The Debt Management Office (DMO) has revealed that Nigeria’s total debt portfolio leaped from N12.12 trillion as of June 30, 2015 to N22.43 trillion as of September 30, 2018.  …
Jan 09, 2019
The Nigerian stock market on Tuesday continued its negative trend as investors lost N135.8 billion at the end of trading on the floor of the Nigerian Stock Exchange (NSE). This…
Jan 08, 2019
2018 was a year characterised by abysmal stock-market performances all over the world. South African shares lost more than 11% this year. Europe had its worst year since the financial…
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