World News

Sierra Leone’s GDP to Grow by 14% in 2014-IMF

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – International Monetary Fund (IMF) Friday said Sierra Leone’s Real Gross Domestic Product (GDP) is expected to grow by 14 percent (14%).   This is coming on the heels of an IMF mission led by Malangu Kabedi-Mbuyi visit to carry out follow-up discussions on […]

CBN Reports 85.9% Forex Inflow for July 2013

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday reported an 85.9 percent (85.9%) foreign exchange (forex) inflow in July 2013. Economic report for July 2013 by the CBN said forex inflow and outflow through the apex bank in July 2013 were US$5.78 billion and US$4.89 billion, […]

Nigerian Banks Credit to Domestic Economy Rose by 3.95% in July

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Nigerian Banks credits granted to the domestic economy rose by 3.95 percent (3.95%) available data from the Central Bank of Nigeria’s (CBN’s) economic report for July 2013 said. According to the CBN’s report, at N11, 944.23 billion, banks credit to the domestic economy rose […]