By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Friday advised global policymakers to together to restore lasting stability and growth. Lagarde gave this advice at a forum “The Global Calculus of Unconventional Monetary Policies†in Jackson Hole, Wyoming, United States. According to […]
World News
Nigeria state revenues tumble 42 pct in July due to oil outages
* July sees lowest monthly revenues this year * Oil theft hitting govt finances * Excess crude account holds $5.1 bln vs $9 bln end 2012 Nigeria’s government revenues slumped 42 percent in July due to oil theft and production outages, the accountant general said on Friday, underscoring how […]
Brazil central bank launches $60 billion currency intervention
Brazil’s central bank announced a currency-intervention program on Thursday that will provide $60 billion (38 billion pounds) worth of cash and insurance to the foreign-exchange market by year-end, a move aimed at bolstering the country’s currency, the real, as it slips to near five-year lows against the dollar. The bank […]
