June 9, 2017/Daily Trust By Hamisu Muhammad The Federal Government has announced the commencement of a global offering of up to US$300m (about N91.5bn) of its first Diaspora Bond. According to a statement from the Debt Management Office, Nigeria has filed a registration statement for the bonds with the United […]
Updates
May 2017 Inflation Rate to Drop on Base Effect – FSDH
Culled–Proshare June 8, 2017/FSDH Research We expect the May 2017 inflation rate (year-on-year) to drop to 16.13% from 17.24% recorded in the month of April 2017. The drop is expected to come mainly as a result of base effect from the increase in the pump price of Premium Motor Spirit […]
South Africa’s central bank wary of cutting rates despite recession: policymaker
June 8, 2017/Reuters By Mfuneko Toyana Cutting interest rates is not the answer to dragging South Africa’s economy out of recession because deep economic weakness and political turmoil need to be addressed first, a member of the central bank’s monetary policy committee said on Thursday. Africa’s most developed economy fell […]
