April 5, 2017/Reuters Nigeria’s naira is over-valued by around 10 to 20 percent, the International Monetary Fund’s (IMF’s) country head said on Wednesday, when the organisation released a critical report on government efforts to boost growth in Africa’s largest economy. “We do find there to be some over-valuation at this […]

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 […]

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 […]