The Central Bank of Nigeria has reviewed upwards the minimum loan-to-deposit-ratio (LDR) for banks in the country from 60 to 65 per cent. The new directive comes just after the closure of September 30th deadline set by the regulator for banks to meet the 60 per cent loan-to-deposit-ratio. Meanwhile, oil prices steadied today although gains were capped as weak economic readings in the United States depressed global markets. Research Analyst at Financial Derivatives, Funmi Adebowale joins CNBC Africa for more.
Blacklane, a Berlin-based chauffeur service, is expanding its footprint in the United States. The company recently announced plans to open two U.S. offices this fall in New York and Los Angeles. Bloomberg's Caroline Hyde caught up with Jens Wohltorf, CEO and co-founder of Blacklane, to discuss the company's expansion plans and it's road to the public markets.
Hurricane Dorian has weakened to a Category 3 storm as it moves towards the east coast of the United States after wreaking havoc on the Bahamas. Bloomberg's Annmarie Hordern examines the storm's expected path and the potential cost of insurance losses on "Bloomberg Surveillance."
Mother in Nigeria has a priceless, heartwarming eruption of joy seeing son after 5 years. After her son had been in the United States for 5 years, this mother in Nigeria has a heartwarming eruption of joy when she realizes it was him at a restaurant.
Tensions between China and the United States over what’s happening in Hong Kong seems to be escalating. One state official calling China a “thuggish regime.” It stems from Chinese complaints that the U.S. is stirring up some unrest in the city. Bloomberg’s Stephen Engle reports on “Bloomberg Markets: China Open.”