-As World Bank IMF Set for Spring Summit By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank Monday projected a regional economic growth that will ease to 7.6 percent (7.6%) in 2014 from 7.8% in 2013 as its sets with the International Monetary Fund (IMF) for its annual spring meeting. The […]
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Nigerian Naira Heads for Two-Week Low as Oil Price Retreats
Nigeria’s naira depreciated for a third day, heading for the lowest in two weeks as oil, the nation’s key export, retreated and prompted a slide in the external reserves of Africa’s biggest oil producer. The currency of sub-Saharan Africa’s second-biggest economy slid 0.1 percent to 158.10 per dollar by 11:31 […]
Nigeria’s Banking Reform above the Curve
When the Central Bank of Nigeria (CBN) embarked on the banking reform under the extant Governor, Mallam Sanusi Lamido Sanusi, some stakeholders raised questions about the genuine and intuitive intentions of the reform agenda. Suffice to note that this group of stakeholders had no fundamental understanding of the breadth and […]
