April 6, 2016/Ministry of Finance, Republic of Angola The Government of Angola is aware that the high reliance on the oil sector represents a vulnerability to the public finances and the economy more broadly. The sustained efforts over many years to promote economic diversification have already resulted in a significant […]
World News
Dollar slides to 17-month low vs yen as stocks, oil fall
Tue Apr 5, 2016/Reuters By Nigel Stephenson The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors pulled away from riskier assets, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded. The Japanese currency, often sought in times […]
IMF Says Nigeria’s Growth in 2016 Expected to Decline Further to 2.3%
March 31, 2016/IMF On March, 30, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with Nigeria. The Nigerian economy is facing substantial challenges. While the non-oil sector accounts for 90 percent of GDP, the oil sector plays a central role in the […]
