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A recent FT article presented to its reading audience the number of miles driven by cars in the US since the interstate act that made long routes enjoyable, and clearly stimulated the development of recreational vehicles. It also, as time went by, gave manufacturers access to data they have been using to adjust the inner workings of […]

I talked about the legacy problem recently and, in reality, the problem isn’t just the legacy system. It’s the legacy people and legacy customer. The legacy people are the ones who sit in the organisation and resist change. They know where their cheese is and they don’t want it to move. This appears to be the mentality […]Read More

ICICI Bank’s move to revamp its mobile banking platform and offer a host of new services signals a proactive move to adapt to the growing popularity of mobile-based services, supporting India’s development towards a digital future. When it comes to customer interaction, one of the key catalysts for change is mobile technology. This new trend […]

Continued declines may spur one-way bets, Commerzbank says Ten-year bond yield rises most since February to 2.85% The yuan fell against a basket of currencies for a third day, prompting speculation the central bank is returning to a strategy of stability against a declining dollar and weakness against the exchange rates of its trading partners. […]

By Ahmed A Namatalla Two weeks after Nigeria, Africa’s biggest economy, allowed the naira to weaken, Egypt’s central bank Governor Tarek Amer is talking up the merits of a cheaper pound. His devaluation of the exchange rate in March by the most in 13 years has had little effect, as a deepening current-account deficit and dwindling […]Read More

Sterling rises after Osborne floats corporate tax cut to 15% Yen pauses after best first half since 1995 on haven demand The pound rose, rallying from its biggest two-week drop in more than seven years after U.K. authorities flagged measures to mitigate the impact on the economy of the vote to leave the European Union. Sterling […]

By Stephen Bierman Dina Khrennikova Exports rose 4.9% in six months to 5.55 million barrels a day Iran also boosts supplied to region after sanctions lifted Russian crude exports are on track to set a record this year, which is intensifying competition in Europe as Iran boosts shipments to the region. Exports rose 4.9 percent […]

Financial analysts react to the decreasing value of the naira The Central Bank of Nigeria should be blamed. But you cannot blame the servant without also blaming the master. The Central Bank Act gives the CBN much autonomy. But the autonomy is not supposed to destroy but build. You cannot apportion blame to the CBN […]

Niger Delta Avengers claim five attacks in blow to cease-fire U.S. drillers bring back rigs as oil market seen stabilizing Brent crude traded near $50 a barrel as Nigerian militants carried out attacks on oil production sites, threatening to deepen the country’s biggest output losses in decades. September futures rose as much as 0.8 percent […]

An increase in the headline reading of the Purchasing Managers Index (PMI) by 4.14 percent to 50.2 in June from 48.2 in May, signals that the manufacturing sector of Africa’s largest economy may have crawled out of the troubled waters it got into since April. PMI is an indicator of the economic health of the […]Read More

Foreign exchange scarcity and legacy debts are unsettling the downstream sector with the possibility of fuel scarcity recurring in no distant time, BusinessDay investigations show. Specifically, the legacy debts of oil marketers are occasioned by the new exchange rate of between N282-284/$ from the previous N199/$ which have ballooned to about N266 billion. This is […]

(Adds detail, quote, share price) By Chijioke Ohuocha Nigeria’s central bank has sacked top executives of Skye Bank over capital adequacy issues, a source with knowledge of the matter told Reuters on Monday. Chief Executive Timothy Oguntayo, who led Skye Bank to acquire nationalised lender Mainstreet Bank in 2014, resigned before a central bank announcement […]