While the president of the United States attends a summit that has got everyone pondering the future of the NATO alliance. Back in Washington, the next phase of the impeachment inquiry has some wondering about the future of Western democracy.
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."