Bloomberg Nigerian lenders cut the dollar spending limits on local currency cards to free more resources to fund imports after the central bank signalled it will stop foreign-exchange sales to banks. United Bank for Africa Plc (UBA) stopped the use of naira card to withdraw dollars from automated teller machines outside the country or make international payments at point ...

  Bloomberg The Swedish central bank will probably have to raise interest rates earlier than its previous timeline of 2024, Riksbank Governor Stefan Ingves said, signalling a shift on removing stimulus after lagging behind most of its developed peers. “Right now inflation is far too high,” Ingves said in an interview with Swedish Radio, adding the central bank has to ...

  Bloomberg Japan’s top lenders, including the banking unit of Mitsubishi UFJ Financial Group Inc., are pulling their Japanese staff out of Russia due to safety concerns following its invasion of Ukraine. The banking units of Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. are also moving Japanese staff out of the country, according to representatives for the ...