Japan Pledges $30 Billion For Africa Over Next Three Years
Reuters: Japanese Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion…
French Wine Production To Fall 10% This Year After Fierce Spring Weather
The Guardian / UK: Fierce storms that hit France in April will help to push wine production down…
Nigeria Naira At Record Black Market Low, Stocks Sink As FX Bans Weigh
Reuters: Traders said the local currency fell due to the impact of the suspensions, compounding the dollar…
Portugal To Bail Out Its Biggest Bank To The Tune Of €5bn
RT: The European Commission and Portugal have agreed to inject up to €5 billion into the country’s biggest…
CBN Sanctions Nine Banks For Hiding NNPC’s $2.274bn
The Nation / Nigeria: Nine deposit money banks (DMBs) are in trouble for hiding over $2.274 billion belonging…
Nigeria Asks Banks To Give 60 Pct Of Their Forex To Manufacturing Firms
Reuters: Nigeria’s central bank has asked commercial lenders to allocate 60 percent of their foreign exchange purchases to…
Nigeria’s Buhari To Ask For Powers For Emergency Economic Measures
Reuters: Nigerian President Muhammadu Buhari will ask parliament for extra powers allowing him to take “emergency” decisions to…
Nigeria Is Running Out of Firepower to Defend the Naira: Chart
Bloomberg: Nigeria’s foreign reserves keep on falling: they stood at $25.8 billion on Aug. 16, the lowest since…