ABUJA – The pressure on the naira heightened yesterday after reports that Bank of America suddenly downgraded naira-linked instruments on fears of further value hemorrhage in...
DAR ES SALAAM – A team from the International Monetary Fund (IMF), led by Paolo Mauro, visited Tanzania during February 12–25, 2014. The mission completed the...
NEW YORK — U.S. stock futures edged higher, putting the S&P 500 back near record territory, as investors shrugged off some overseas weakness. European markets slipped,...
TOKYO – Asian markets were a touch higher on Wednesday, with stocks in China and Japan reversing early small losses to trade just above the break-even...
NEW YORK – Stocks rose on Tuesday, with the S&P 500 moving within points of record levels, as a pair of retail stocks rallied following strong...
NEW YORK — The dollar fell against the Japanese yen Tuesday, taking cues from moves in U.S. stocks. “The dollar-yen is just tracking [the S&P 500]...
JOHANNESBURG – Nigerian conglomerate Dangote Group is to build a cement factory in Yamba, southern Congo, in an investment worth 292.9 million dollars, its Chief Executive...
NEW YORK — Stocks fell slightly Tuesday, with the S&P 500 pulling back from a near-record high, as investors awaited data on consumer confidence. The Dow...
LONDON – The euro zone is slowly coming to grips with its banking and debt problems, but may have to prepare for a new round of...
ABUJA — President Goodluck Jonathan, yesterday, affirmed his powers to suspend Mallam Sanusi Lamido Sanusi as governor of the Central Bank, saying the action was totally...