By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday said Spanish Banks will face profitability challenges in the coming years as lending and home prices continues to slide further. This is coming on the heels of a fifth and final review of the country’s financial sector by the […]
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External Reserves Down to $44.519 Billion
Nigeria’s external reserves slipped to $44.519 billion as at December 9, 2013. The current value of the forex reserves represents a decline by $869 million this quarter, compared with the $45.388 billion it was as at October 2. Data compiled from the Central Bank of Nigeria (CBN) also showed the […]
Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund
Washington, D.C. Thursday, December 12, 2013 MR. RICE: Good morning, everyone and welcome to this briefing on behalf of the International Monetary Fund. I’m Gerry Rice, the Director for Communications at the Fund. As usual our briefing this morning will be embargoed until 10:30 a.m., that’s Washington time. Also, this […]
