Japan’s Finance Minister Taro Aso on Monday commented on the strength of the yen and its impact on the Japanese economy. In his words, “Recent yen...
Barclays Plc sold one-fifth of its stake in Barclays Africa Group Ltd as part of it plan to overhaul the British bank. The bank sold 12.2...
Credit Suisse Group AG is planning to cut another 180 jobs in London this week. According to two people familiar with the story, most of the...
Officials of the Central Bank of Nigeria’s Compliance Unit on Tuesday stormed the headquarters of Fidelity Bank Plc in Lagos in connection with the ongoing investigations...
Reserve Bank of Australia’s Governor Glenn Stevens on Tuesday cut the overnight cash-rate by 25 basis points to 1.75 percent. This is the first change in...
First bank profit took a hit as forex scarcity and global slowdown continue to wipe-off banks’ profits. The earnings report released on Tuesday showed the bank’s...
In an effort to contain the scarcity of foreign exchange that is affecting the real sector of the economy, the Central Bank of Nigeria (CBN) has...
The Central Bank of Nigeria has described claims by some airlines that they are unable to access foreign exchange to repatriate the proceeds of their operations...
The dollar headed for a seventh straight gain against the yen, its longest streak since October, as speculation grew that the Federal Reserve has a stronger...
The scramble for funds by commercial banks forced the interbank overnight rate to jump by six per cent to 13.33 per cent on Thursday, from 7.33...
