Nigeria’s forex reserves fell to $40.68 billion as of Feb. 24, down 13.8 percent year-on-year, central bank figures showed on Wednesday. Africa’s top oil exporter’s reserves stood at $47.18 billion a year earlier. They have fallen 6.5 percent this year. Nigeria’s central bank has been burning its forex reserves in […]
Capital Market
Filing Financial Statements before Corporate Action Could Lead to Negative Reaction-NSE
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Wednesday said filling financial statements before corporate action could lead to negative reaction as the market operators will not be aware that the company will declare dividends and or issue bonuses at a future date. The NSE in a statement […]
Tanzania: Taking Steps to Enhance Fiscal Sustainability
Press Release/IMF A team from the International Monetary Fund (IMF), led by Paolo Mauro, visited Tanzania during February 12–25, 2014. The mission completed the assessment of the recent performance under the Standby Credit Facility (SCF) and discussed a possible new Policy Support Instrument (PSI) program.[i][i] The mission met with Hon. […]
