At the Estate Sports Club in the southeastern Nigerian city of Onitsha, men troop up to the open-air bar and order a bottle of “Oh Mpa,” the local name for SABMiller Plc’s Hero beer. Oh Mpa means “Oh Father” in Igbo, the language of the area, and is widely regarded […]
Author: InvestAdvocate
Nigeria’s Naira Rallies to Six-Week High on NNPC Dollar Sales
The naira rallied to its strongest level in almost six weeks as Nigeria’s state oil company was said to sell dollars to the local market. Oil producers, including Nigerian National Petroleum Corp., are the biggest source of U.S. currency after the Central Bank of Nigeria, which offers foreign exchange at […]
Lagarde: Three Hurdles to Clear for Faster, Better Growth
IMF Survey April 10, 2014 Bold policy actions are needed to generate more rapid, sustainable growth Policymakers must act against background of rising geopolitical risks Results hinge on right policies by countries, right cooperation between them Global policymakers will have to overcome a trio of hurdles if the world economy […]
