By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Christine Lagarde, Managing Director  (MD) of the International Monetary Fund (IMF), on Sunday urged the Group of 20 (G20) to meet up the two percent (2%) goal earlier set for its collective Gross Domestic Product (GDP); while commending them for developing growth strategies to […]

Sat Sep 20, 2014/Reuters Nigeria’s oil minister announced a 213 billion naira (1.3 billion US dollar) bail-out package for power companies on Saturday, nearly a year after the sector was privatised. Despite holding the world’s ninth largest gas reserves, Nigeria only produces a tenth of the amount of electricity as […]

19 Sep 2014/Fitch Ratings Fitch Ratings-London/Frankfurt/Milan-19 September 2014: Fitch Ratings has affirmed the Nigerian State of Rivers’ Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BB-‘ and its National Long-term rating at ‘AA-(nga)’. The Outlooks are Stable. KEY RATING DRIVERS The ratings affirmation reflects Fitch’s expectations that Rivers […]