World News

Dollar dips vs euro before Bernanke testimony; yen weakens

The U.S. dollar fell against the euro on Tuesday after comments from Federal Reserve officials dented expectations the U.S. central bank may taper its bond purchases anytime soon. But the dollar rose against the yen, a day before the Bank of Japan concludes a two-day policy meeting. Traders widely expect […]

Analysts predict inflation’ll remain below 9% in 2013

Financial analysts have said inflation rate will remain in single digit throughout 2013, pointing out that forecast projects the rate to be below nine per cent for the remaining period of the year. Analysts at FSDH Merchant Bank Limited, in a report made available to our correspondent on Tuesday, said, […]

World Bank reviews $5.4bn investments in Nigeria

The World Bank on Tuesday began a review of its investments and activities worth $5.4bn in Nigeria. The investments are in 26 projects and involve 200 entities across the country. Speaking at the beginning of the review in Minna, Niger State, the World Bank Country Director in Nigeria, Ms. Marie-Francoise […]