World News

Nigeria, Indonesia to join top 10 economies

Nigeria, Indonesia and Mexico could push the United Kingdom and France out of the top 10 economies of the world by 2050 if they are able to build their institutions to global standards and sustain growth friendly policies, a new report by the PricewaterhouseCooper has said. The report, entitled ‘The […]

Nigeria sells $1.3 bln in Treasury bills at higher yields

Thu Mar 5, 2015/Reuters Nigeria’s Treasury bill yields rose across the board at an auction on Wednesday compared with a previous sale on Feb. 18, the Debt Management Office (DMO) said on Thursday. The DMO said it sold a total of 254.96 billion naira ($1.3 billion) of the debt against […]

World Bank sees Kenya’s GDP growth at 6.0 pct in 2015

Thu Mar 5, 2015/Reuters Kenya is due to become one of the fastest-growing economies in east Africa, with a growth forecast of 6.0 percent in 2015 and 6.6 percent in 2016, the World Bank said on Thursday, citing falling oil prices and bigger infrastructure investments. Kenya’s economy grew by an […]