A British court hearing in which prosecutors were seeking the confiscation of 90 million pounds ($145 million) in assets they say belong to a corrupt former Nigerian oil state governor ended inconclusively on Monday and will start afresh next year. James Ibori, who was governor of oil-producing Delta State in […]
World News
World Bank cuts China, East Asia growth forecasts
The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on Monday, citing slower growth in the world’s most populous nation as well as weaker commodity prices that have hurt exports and investments in countries such as Indonesia. “Developing East Asia […]
Effective Risks Management Panacea to End Poverty-World Bank Report
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Effective risks management is a critical ingredient in the fight to end poverty, says a new report from the World Bank Group. According to the World Development Report (WDR) 2014, titled-Risk and Opportunity – Managing Risk for Development says better risk management can unlock opportunities, […]
