[ad_1] Looking back, it was a sign of things to come for Nigeria’s elite. Last week’s raid by the anti-graft commission on the offices of Aliko Dangote, Africa’s richest person…
Tag: US Dollar Spot
South Africa Set to Topple Nigeria to Regain Mantle as Continent’s Biggest Economy
[ad_1] South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s World Economic Outlook envisions South…
Tech Giants Roar as Nasdaq 100 Hits 22-Month High: Markets Wrap
[ad_1] The stock market extended its powerful November rally ahead of Nvidia Corp.’s results, with Wall Street also breathing a sigh of relief as a $16 billion sale of 20-year…
South Africa Economic Growth Beats Forecasts in Second Quarter
[ad_1] South Africa’s economy grew faster than expected on improved output in the finance and manufacturing industries. The rand pared earlier losses and bond yields retreated from session highs after…
Hong Kong Bankers Have Lots of Free Time, Anxiety as Deals Slump
[ad_1] Eighty-hour weeks. Multi-billion dollar deals. Huge bonuses. Until recently, life as an investment banker in Hong Kong was both intense and lucrative. These days, it’s anything but. The big…
South Africa Plans Tougher Rules in Wake of Rand-Rigging Probe
[ad_1] South Africa plans to tighten up its regulation of financial markets, after a top bank admitted to taking part in manipulation of the rand. Legislation will be introduced next…
South Africa’s ANC Wants Banks Prosecuted Over Rand Manipulation
[ad_1] South Africa’s ruling African National Congress said commercial lenders found to have manipulated the nation’s currency should be charged with economic sabotage. Standard Chartered Plc admitted this week to…
Nigeria Increases Financial Inclusion But Still Far from Goal
[ad_1] Nigeria has brought more of its citizens into the financial system but remains far from its goal of getting 95% of the population fully banked by 2024, according to…
Credit Suisse Finds ‘Material’ Control Lapses After SEC Prompt
[ad_1] Credit Suisse Group AG said it found “material weaknesses” in its reporting and control procedures for the past two years, after questions from US regulators last week. The Zurich-based…