Nigerian political stability and economic growth after a loan clean-up by a state company created to buy bad debt will spur expansion in the country’s banking industry this year, according to Standard & Poor’s. “Nigerian banks have good prospects in 2013 thanks to strong economic growth and currently broad political […]
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External Reserves Edge Higher to $48.174 Billion
Nigeria’s external reserves edged higher to close at $48.174 billion on March 12, data obtained from the Central Bank of Nigeria (CBN) showed yesterday. THISDAY also learnt that at its current value, the foreign reserves derived primarily from proceeds of crude oil earnings have improved by 8.65 per cent or […]
IMF Projects Mali’s GDP Growth to 4.8% in 2013
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The International Monetary Fund (IMF) Wednesday projected that the real Gross Domestic Product (GDP) of Mali would hit 4.8 percent (4.8%) in year 2013 following talks with Authorities of the Country. This is coming on the heels of a French –led Military […]
