22/8/2016/Punch The Deposit Money Banks are no longer willing to support power companies with loans due to the inability of the firms to meet their contractual obligations, amongst other issues, OKECHUKWU NNODIM reports The inefficiencies in the privatised power sector has made the Deposit Money Banks unwilling to provide loans […]
Updates
Emefiele emerges AACB President as confab ends in Abuja
August 20, 2016/CBN The 39th Ordinary meeting of the Assembly of Governors of the Association of African Central Bank Governors (AACB) has ended in Abuja, with the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele elected as the President of the ACCB for the 2016 – 2017 year. Elected, […]
South Africa’s rand, stocks weaker after hawkish Fed comments
Sat Aug 20, 2016/Reuters South Africa’s rand retreated for a third consecutive session on Friday to its weakest level in a week against the dollar while stocks also fell, both assets pressured by signs the U.S. central bank could still lift rates this year. By 1600 GMT the rand had […]
