Nigeria’s naira weakened to a fresh 20-month low against the U.S. dollar on the interbank market on Friday, as direct central bank forex sales to lenders failed to meet demand, traders said. The naira closed at 164.1 to the dollar, compared with a 163.6 close on the previous day. The […]
World News
Lagarde on G-20: World Economy Not Fully Recovered
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF), Friday said the Group of G-20 leaders has done much to stabilize the world economy and financial system; but yet to fully recover. Lagarde said this in a Statement made available to InvestAdvocate […]
G20 says economy recovering but no end to crisis yet
The Group of 20 said on Friday the global economy was improving but it was too early to declare an end to crisis with emerging markets facing increasing volatility. Leaders of the G20 – which groups developed and emerging economies accounting for 90 percent of the world economy and two-thirds […]
