Bloomberg The Central Bank of Nigeria won’t hold its rate-setting meeting scheduled for Monday and Tuesday because lawmakers have yet to approve monetary policy committee members, leaving the body unable to form a quorum. The bank will “maintain key monetary policy variables” at levels decided in November, Governor Godwin Emefiele said in an emailed statement, effectively leaving the key interest ...

Bloomberg When euro-area finance ministers launch the process to find a new European Central Bank vice president, they won’t be flooded with nominations. So far, only Spain has said it will put forward a candidate to replace Portugal’s Vitor Constancio, whose term expires at the end of May, with Finance Minister Luis de Guindos the most likely nominee. The meeting ...

DUBAI / Reuters National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, reported a 5.4 percent rise in fourth-quarter net profit, in line with analysts’ forecasts, according to Reuters calculations. The bank made a net profit of 80.0 million dinars ($266.3 million) in the three months to December 31, compared with 75.9 million dinars a year earlier, ...