World News

IMF Staff Paper: Linkages Between Labor Market Institutions and Inequality

IMF Survey online July 17, 2015 Declines in union density and minimum wages linked to higher inequality But unions, if nonrepresentative, can also increase unemployment and inequality Labor market policies should be assessed on a country-by-country basis, considering other policy objectives In a continuation of their ongoing work on inequality, […]

Nigeria can’t avoid devaluation – S&P

Wed Jul 15, 2015/London, Reuters Nigeria will have to devalue its currency at some stage, possibly by more than 15 percent, ratings agency Standard & Poor’s said on Wednesday, though it saw the adjustments as likely to be gradual. Investors have seen a devaluation of the naira as long overdue […]

Nigeria’s Inflation Rises 9.2% in June above CBN’s Target Limit

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Nigeria’s inflation rose 9.2 percent year-on-year in June, 0.2 percentage points from the 9.0 percent rate recorded in May in line with expectations; but above the Central Bank of Nigeria (CBN) target upper limit, according to the latest Consumer Price Index (CPI) and […]