World News

Nigerian naira firms up vs dollar on central bank intervention

Nigeria’s naira firmed against the dollar on the interbank market on Monday after the central bank said it will sell dollars on forward delivery from Monday in its bid to shore up the domestic currency’s value. The naira strengthened 0.69 percent to 163.70 to the dollar, up from its 164.85 […]

Forbes names Dangote 23rd richest in the world

Foremost Nigerian industrialist, Aliko Dangote, on Monday made history by becoming the first black man to break into the rank of top 25 richest people in the world. His wealth jumped to $25bn from $16.1bn in 2013, according to Forbes magazine’s list of the richest people on earth. Dangote, who […]

Europe—The Path to Sustainable Economic Growth

As prepared for delivery Global Forum on Spain: From Stability to GrowthBy Christine LagardeManaging Director, International Monetary FundBilbao, Spain, March 3, 2014 Good morning. It is a great pleasure to be here in Bilbao—a city of art, industry, and innovation. And home to the world renowned Guggenheim museum, which I […]