Money Market

IMF says Nigeria economy needs urgent reform, no FX curbs

5/4/2017/Reuters The International Monetary Fund (IMF) warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market. The document, a report from IMF staff which Reuters saw an earlier […]

Current Account Back Into Surplus

Culled—Proshare April 6, 2017/ FBNQuest Research We can see from the balance of payments for Q4 2016 that the current account changed direction from a deficit equivalent to -0.1% of GDP to a surplus of 3.3%. The main influences were a recovery in oil exports, a further compression in merchandise […]

Ecobank MD Lauds Financial Literacy Day Initiative

April 5, 2017/Ecobank Nigeria The Managing Director, Ecobank Nigeria, Charles Kie, has lauded the Financial Literacy Day initiative saying it would go a long way to sensitizing and educating pupils and youths across the country early in life on financial matters. The Financial Literacy Day is being jointly organized by […]