Fresh facts have emerged that First Rand Bank, one of South Africa’s biggest banks, may acquire one of the nationalised banks under the control of the Asset Management Corporation of Nigeria. The Chief Executive Officer, FirstRand, Mr. Sizwe Nxasana, said during the inauguration of Rand Merchant Bank Nigeria on Thursday […]
World News
Naira Snaps Two-Day Drop as Foreign-Currency Reserves Increase
The naira gained for the first time in three days after data from the Central Bank of Nigeria showed the country’s foreign-currency reserves increased. The currency of Africa’s biggest oil producer rallied as much as 0.3 percent, the most since Jan. 25, as the nation’s foreign-exchange reserves advanced to $46.15 […]
Europe’s central banks stand firm on rates
Europe’s central banks resisted pressure to do more to support growth, keeping interest rates at record low levels Thursday as evidence emerged that the region’s economy may be on the mend. The European Central Bank left its key interest rate at 0.75%, and the Bank of England held its at […]
