The naira fell 0.34 per cent to a three-month closing low of N163.45 against the dollar on Wednesday, despite the Central Bank of Nigeria’s intervening for a second day to halt its slide, dealers said. The currency fell as low as N163.70 on strong demand for dollars during intraday trade […]

* Central bank holds rate after 100 bps hike in July * Bank governor cites concerns over inflation * Ghana cedi boosted by forex inflow from Eurobond, loan * Gas pipeline, hit by Nigeria strike, poses risk to GDP (Adds central bank concern over gas pipeline) Ghana’s central bank held […]

China’s central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country’s top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy. Global shares and commodity prices rose on the reported move, although local money […]