Nigeria plans to auction deep offshore oil and gas licenses for the first time in 15 years, according to a senior government official. The West African country will launch a bidding round for seven deep-water blocks in November, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, said by phone. The government issued dozens of such permits …

Some of the UK’s biggest high street banks are bracing themselves for trouble. Barclays Plc, Lloyds Banking Group Plc and NatWest Group Plc have together put aside nearly £1.3 billion ($1.5 billion) to cover bad loans, earning reports this week showed. HSBC Holdings Plc, which makes most of its money in Asia, also set aside $200 million “in respect of …

Colombia’s central bank ignored complaints from President Gustavo Petro and raised interest rates to the highest level in more than two decades, while also deciding against intervention in the currency market. The bank lifted its benchmark rate by one percentage point to 11%, after the peso plunged and foreign investors dumped the nation’s bonds. The unanimous decision, which was in …