South Africa slips into recession
Just like Nigeria, South Africa has entered recession for the first time in eight years, data from Statistics South Africa showed on Tuesday.
Data...
Ghana finds $1.6bn hole in budget
Ghana’s budget deficit could be twice as big as previously forecast, Finance Minister Ken Ofori-Atta said a day after the government revealed a 7...
Trump appoints Ogunlesi, a Nigerian, into economic team
Nigerian businessman, Adebayo Ogunlesi, has been named as one of the people who will advise US President-elect Donald Trump on the American economy.
The 63...
China’s forex reserves fall to 5-year low
China’s foreign exchange reserves dropped $19 billion in September to a five-year low, government data showed, with the central bank spending heavily to defend...
Bank of England warns Brexit risks materialising
The Bank of England warned Tuesday that risks to financial stability were materialising after Britain's shock EU exit referendum, as commercial property investors scrambled...
The Monday after Brexit
The New York Stock Exchange has opened and the Dow Jones Index promptly dropped by 148 points, or 0.85 percent. Overall, global investors are...
Tit bits on Brexit
Mayor Sadiq Khan: 'I believe that Britain is better off within the European Union, but the British people have clearly spoken today, and their...
