Financial Services

November 14, 2017

Africa Update: South Africa’s Eskom not insolvent but facing cashflow trouble

South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the […]
November 14, 2017

World Update: Pound slides on fears over May’s future

The British pound sank Monday on uncertainty surrounding Prime Minister Theresa May’s future, but the London stock market was buoyed by the sliding currency, dealers said. […]
November 13, 2017

Nigeria Update: Forex reserves to hit $40 in 2018 – Emefiele

The Central Bank Governor, Godwin Emefiele,  has predicted that the nation’s Foreign Exchange reserve, which currently stands at $34 billion will hit N40 billion by the […]
November 9, 2017

Nigeria Update: AFREXIM Bank to establish export processing centres in Nigeria

African Export Import Bank (AFREXIM), has concluded plans with the Nigerian Government to develop two industrial parks in the country in 2018, for the processing commodities […]