Lagos / AFP Nigeria’s central bank said it was investigating some banks in connection with slush funds allegedly set up by a former oil minister to rig last year’s elections. The Central Bank of Nigeria said it was “fully aware and indeed a part of the ongoing investigation of certain financial transactions in some banks by law enforcement authorities”. ...

BAGHDAD / Reuters Iraq has raised the interest rate on a local bond issue worth 1.5 trillion Iraqi dinars ($1.3 billion) to boost sales, central bank spokesman Aycar Jabbar recently said. The central bank has increased the rate to 8 percent from the 6 percent offered on March 15, when the two-year bonds went on sale, he told. All those ...

  Bloomberg Bluesky Hotels & Resorts Inc., a closely held company backed by capital from Hong Kong, agreed to buy InnVest Real Estate Investment Trust for C$2.1 billion ($1.6 billion), giving the firm a stake in some of Canada’s most historic hotels and beachhead for expansion in North America. Bluesky will pay C$7.25 a share, the companies said in a ...