December 21, 2016/Reuters By Nigel Stephenson | LONDON The dollar eased from 14-year highs on Wednesday, giving back some of the gains chalked up since Donald Trump’s U.S. election victory, while concerns over banks pulled European shares lower. Wall Street also looked set to open lower, according to index futures, […]
Money Market
Lagos to host CashlessAfrica Expo 2017
December 21, 2016/CashlessAfrica Digital disruption is shifting the balance stay of power in financial services and influencing the way, millions of people bank their money, make payments, remittances and more, in a continent where mobile phone penetration exceed bank accounts and bank cards ownership, combined. Africa’s highly regulated financial industry […]
Nigeria’s finance minister says central bank will eliminate naira black market
20/12/2016/Reuters Nigeria’s central bank will try to eliminate the currency black market, where the naira trades about 40 percent below the official rate against the dollar, Nigeria’s finance minister said on Tuesday. Africa’s largest economy, dependent on oil exports, is in its first recession in 25 years as low global […]
