Nigeria’s central bank expects inflation to remain below its single-digit target throughout 2014, as it has this year, Deputy Governor Kingsley Moghalu said on Thursday. He also said growth next year was projected at 7.6 percent, which compares with a rate this year of around 6.5 percent. He added that […]
World News
IMF Projects -12.5% Decline in Ghana’s Economic Growth
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said Ghana’s economic growth is likely to drop by -12.5 percent (-12.5%) from eight percent (8%) in 2012 to seven percent (7%) in the current year. This is coming on the heels of the Fund’s visit to the […]
Nigeria’s Inflation eases to 8.2% in August 2013
ALL ITEMS INDEX In August, the Consumer Price Index (CPI) which measures inflation rose by 8.2 per cent year-on-year, 0.5 percentage points lower from the 8.7 percent recorded July. Rates continue to hold steady in the single digit range since the beginning of the year. In August, the rate of […]
