Banks and financial market dealers are waiting to see how the Central Bank of Nigeria’s newly introduced retail foreign exchange auction system, called Retail Dutch Auction System, will affect the economy. The CBN had on Wednesday replaced the wholesale foreign exchange auction method, called Wholesale Dutch Auction System, with the […]
World News
IMF Endorse Kenya’s Economic Reforms for Last 3 Years
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday endorsed Kenya’s economic reforms for the last three (3) years. This is coming on the heels of the Fund’s mission led by Domenico Fanizza to conduct the sixth and last review under the three-year Extended Credit Facility […]
Côte d’Ivoire Economic Growth to Exceed 8.5% in 2013-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday said Côte d’Ivoire’s economic growth is expected to exceed 8.5 percent (8.5%) in 2013 and inflation remaining moderate. This is coming on the heels of discussions on the IMF’s Article IV consultation and the fourth review […]
