The Federal Open Market Committee (FOMC) will release its latest statement and economic projections on Wednesday. Fed Chairman Bernanke and Fed Vice President Janet Yellen remain committed to the central bank’s current policies: near-zero short-term interest rates and a monthly $85 billion bond-buying stimulus program. Recent positive economic data – […]
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Nigeria: Inflation Rise By 9.5% in Feb’ 2013
In February 2013, the Consumer Price Index (CPI), which measures inflation, rose by 9.5 per cent year-on-year (compared to 9.0 per cent in January). Relative to January, the rise in the headline index could be attributed to increases in farm produce prices due to limited supplies as the toll of […]
Nigerian bank loans to grow 30 pct this year-S&P
* Loan growth rate to accelerate from last year’s 12 pct * ROE to rise to 18 pct in 2013, from 15 pct last year * Capital ratios expected to fall to 15 pct, from 20 pct (Adds details, background, quotes) A surge in lending is likely to boost […]
