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 […]

Asset Management Corporation of Nigeria will release the amount to be paid by the preferred bidder for Enterprise Bank after necessary payments must have been made, AMCON’s spokesman, Mr. Kayode Lambo, indicated on Tuesday. “The preferred bidder is yet to pay. We have appointed advisers handling the entire process. As […]

Nigeria’s central bank is likely to leave monetary policy unchanged when it meets on Friday, but will be more accommodative next year if the naira can hold firm ahead of an expected U.S. interest rate rise, a Reuters poll shows. Some of Nigeria’s emerging market peers such as South Africa […]