By Peter OBIORA InvestAdvocate Lagos (InvestAdvocate)- Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Thursday announced the appointment of Louis Marc Ducharme as Director of its Department of Statistics. The IMF said Ducharme’s appointment will be effective in June 2013 when he succeeds Adelheid Burgi-Schmelz, who […]
World News
Nigerian Naira Retreats Most in Two Weeks as Bank Sales Decline
Nigeria’s naira depreciated to the lowest in two weeks as investors demanded dollars after the central bank sold the least foreign currency at auctions in more than a month. The currency of Africa’s biggest oil producer retreated 0.2 percent to 158.40 per dollar by 2:51 p.m. in Lagos, Nigeria’s commercial […]
CBN’s monetary tightening policy lowers inflation to 8.6%
The monetary tightening policy of the Central Bank of Nigeria is beginning to yield results as the country’s inflation experiences a sharp decline. Figures released by the National Bureau of Statistics on Wednesday in Abuja showed that the country’s inflation dropped to 8.6 per cent in March from 9.5 per […]
