The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has said that the 2.3 per cent loss recorded in naira’s value is not significant, compared to what other emerging markets lost this year. Sanusi, who spoke at the 75th anniversary of the Ikoyi Club in Lagos, said every […]
World News
Greece, Ireland, Portugal Got 90% of IMF’s Financing in 2013
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 […]
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 […]
