By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Three (3) Euro Area countries, Greece, Ireland and Portugal reported to be hit particularly hard by the global financial crisis got 90 percent (90%) of the International Monetary Fund’s (IMF’s) financing in 2013. This is contained in the Fund’s 2013 Annual Report: Promoting a More […]
Author: InvestAdvocate
South African Rand amongst Worst Performing Emerging Market Currencies in 2013-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The South African rand has been adjudged as one of the worst performing currencies in emerging market currencies in 2013, according to the International Monetary Fund (IMF). This is coming on the heels of the Fund’s conclusion of Article IV consultation of the […]
Naira Falls Most Since 2012 on Auction Changes
Nigeria’s naira fell the most in more than 1 1/2 years as the central bank held its last currency auction before tightened controls of the sales are implemented, boosting demand for dollars. The currency of Africa’s biggest crude producer retreated 1.1 percent to 161.55 naira per dollar by 5:11 p.m. […]