Business

Wed,01Jun2016

Business

Clarity needed on Nigerian FC policy

photo@ReutersNigeriastockexchangeNigerian stocks dropped 3.1 percent in early trades yesterday as investors waiting for clarity on a new central bank currency policy sold shares to book profits following a recent rally.

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Standard Chartered grows mobile banking as competitors retreat

photo@ReutersmobilemoneyStandard Chartered is to launch its mobile and online banking platform in eight African countries, its consumer banking chief for the region announced, as the lender seeks to grow in Africa at a time when some European banks are retreating.

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Mandela Fellows: Pathway to Africa's economic growth is inclusion

Aurelie Adam Soule, Mandela Washington fellow from Benin. Photo©FacebookMandela Washington Fellowship for young African leaders' initiative has concluded a three-day regional conference in Ghana, with a call on African leaders to pursue inclusive financial, social and digital policies to quicken the continent's development pace.

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Zimbabwe seeks help to recover missing billions

File photo©Emrah/AP/SIPAZimbabwe has extended its investigations into missing diamond revenue to six countries including the United States following claims the impoverished country could have lost $15 billion through externalisation.

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Pravin Gordhan can't predict whether South Africa will be downgraded

South Africa's finance minister, Pravin Gordhan. Photo©Mike Hutchings/AP/SIPAFinance Minister Pravin Gordhan has said it was still unclear whether South Africa's debt could be downgraded by Standard & Poor's and Fitch after holding discussions with the rating agencies last week, the Financial Mail reported on Thursday.

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Liberia grand jury indicts Sable Mining, officials for bribery

Photo©ReutersA grand jury in Liberia on Wednesday indicted government officials, including the speaker of parliament and the head of the ruling party, along with London AIM-listed Sable Mining on charges including bribery.

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Nigeria's central bank governor and finance minister to explain foreign exchange shift to Senate

File Photo©ReutersNigeria's Senate on Wednesday passed a motion to invite Central bank governer, Godwin Emefiele and Finance Minister, Kemi Adeosun to explain how a shift to a more flexible foreign exchange policy could help the economy to contend with its worst crisis in decades.

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