Bloomberg Now that Nigeria’s economy is recovering from its worst slump in 25 years, the central bank can turn its focus to fighting inflation again — and shoring up its currency. The Monetary Policy Committee has kept its interest rate at a record-high 14 percent since July 2016, trying to support the economy, and will probably hold it there at ...

DUBAI / Emirates Business Mashreq Bank, one of the first banks in the Middle East and a leading financial institution in the UAE, partnered with Diebold Nixdorf, the leader in driving connected commerce, to streamline its in-branch cash cycle management processes by implementing the latest in teller automation technology across select UAE branches. The innovative cash recycling systems combined with ...

Bloomberg China’s currency has swung from hot to cold in a matter of weeks, thwarting expectations that policy makers would keep the yuan stable before a crucial Communist Party congress next month. The yuan slumped 0.5% to 6.6210 per greenback as of 5.30pm in Shanghai, taking its decline from an 8 September peak to 2.8%. That’s a sharp reversal from ...