A consortium of large US banks pumped $30 billion to prevent First Republic Bank from going under. Fear over a looming financial crisis has been high since two US mid-sized lenders collapsed last week.
After the fall of SVB and New York-based Signature Bank, US authorities took decisive measures to prevent any possible contagion. But the factors that fueled their downfall are keeping Europeans on their toes.
15 Oct 2021
Turkish President Recep Tayyip Erdogan had fired three central bankers via decree. Turkey's currency has lost a fifth of its value against the US dollar this year.
1 Apr 2021
Lebanon has long been a financial capital in the region. But neighboring nations say billions are stuck in the country's failing financial system.
16 Mar 2021
Water shortage in Lagos: Water vendors smile to the bank
22 Jan 2021
No more Stamp Duties on banking transactions - FIRS
Niger Govt. sacks 80 civil servants for fraud, Lagos State pledges 20 cars to outstanding teachers and more
10 Sep 2020
Here is why you should pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Friday.
30 May 2020
Today, in ‘Inside Stuff,’ multi-award-winning columnist and Executive Head of The Guardian's Editorial Board, Martins Oloja, discusses how certain actions taken by leaders of this country can diminish the achievements Nigeria have attained so far, siting the current way Dr. Akinwunmi Adesina is being treated and how the country is standing on the sidelines watching the son of the soil fight this battle alone.
4 Apr 2020
The Asian Development Bank has warned that if the "worst pandemic in a century" lasts for more than six months, economic losses could be higher. It predicted that growth in China will be two-thirds lower than last year.
31 Mar 2020
The World Bank has warned that almost 24 million more people will remain in poverty this year because of the coronavirus pandemic. In its latest economic forecast, the Bank warned that developing economies in Asia will see sharply lower growth this year, as "significant economic pain" seems unavoidable. Also today, New York's Attorney General has called for an investigation after Amazon sacked a worker in New York who organised a walkout over sanitary conditions at a warehouse in Staten Island.
1 Mar 2020
Moses Hammed, Investment Research Analyst at Investment One Financial Services joins CNBC Africa for a mid-week review of Nigeria's equities market.
29 Feb 2020
Banks are making a profit on taxes paid by Nigerians - Senator Olujimi