Bloomberg Skye Bank Plc, which had its management replaced by the Central Bank of Nigeria in July after breaching liquidity thresholds, plans to sell units outside of Africa’s biggest oil producer to ease pressure on capital buffers. The Lagos-based lender is seeking to dispose of majority stakes in its businesses in Gambia, Guinea and Sierra Leone, according to two ...

  Bloomberg China’s $3.2 trillion corporate bond market is already starting to reel from rising interbank borrowing costs, and the traditional year-end funding crunch hasn’t even started yet. The yield premium for five-year AA rated notes over the sovereign climbed 10 basis points in October as money market rates surged to an 18-month high. Worse may be yet to come ...

  Bloomberg OPEC was already struggling to finalize a deal on production cuts this month. And then Donald Trump was elected President of the US. The Organization of Petroleum Exporting Countries faces increasing urgency to take measures that will support oil prices as Trump’s surprise victory threatens to deepen a market sell-off, said UBS Group AG. Yet the uncertainty arising ...