Analysts and stakeholders have called for monetary easing by the Central Bank of Nigeria as the average inflation rate forecast for 2013 is in single digit, Ademola Alawiye writes Efforts by the Central Bank of Nigeria to attain a single-digit inflation rate finally came to pass last week as the […]
World News
Trade to drop by 15% in 2013  FG
The past one year has been tough for businesspeople in Nigeria and the unpleasant situation may not abate before the end of the year, according to the latest report from the National Bureau of Statistics. The NBS reported that the country’s merchandise trade declined by 11.03 per cent from N29.069tn […]
U.K. Is Stripped of Triple-A Rating
By MATTHEW WALTER, CASSELL BRYAN-LOW and CHARLES FORELLE Moody’s Investors Service MCO +1.69% stripped the United Kingdom of its triple-A credit rating, predicting economic weakness will weigh on public finances for years to come. Moody’s lowered the U.K.’s domestic and foreign-currency bond rating one notch to Aa1 and changed its outlook […]
