Financial Services

February 2, 2018

World Update: Dollar on back foot despite Fed signal on rate hikes

The dollar stumbled Thursday despite mounting expectations that the Federal Reserve will speed up interest rate hikes this year, dealers said. After Janet Yellen’s final meeting […]
February 1, 2018

World Update: Bitcoin’s big wipeout erased $44 billion of value in January

Digital currency lost 30% in January on series of setbacks. Monthly dollar loss the biggest in history for a digital asset. Bitcoin is proving that cryptocurrencies […]
February 1, 2018

Nigeria Update: January PMI index records slow growth, says CBN

The Central Bank of Nigeria (CBN) yesterday reported that the January 2018 Purchasers Manager Index (PMI) – a survey which measures the productive activities in the manufacturing […]
January 31, 2018

Africa Update: World Bank raises $14 billion for ‘economically weak’ African nations’

The World Bank Group has allocated over $14 billion to help weak economic activities in African Countries in order to meet the target of achieving its […]