By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Friday in Dublin said economic activities in Ireland are still weak; but said the IMF expects Ireland’s growth to exceed that of most European Union (EU) countries in 2013. This is coming on […]
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Nigeria oil bill passes second reading in Senate
Nigeria‘s long-awaited oil bill has passed a second reading in the upper house, paving the way for it to go to specialist committees to be discussed, Senate sources said on Friday. The comprehensive Petroleum Industry Bill (PIB) has been more than five years in the making and previous versions failed […]
Nigeria’s Naira Snaps Two-Day Decline on Investor Inflows
Nigeria’s naira appreciated for the first time in three days after the central bank increased sales of Treasury bills at an auction. The currency of Africa’s biggest oil producer gained 0.2 percent to 157.70 per dollar as of 3:50 p.m. in Lagos, the commercial capital, according to data compiled by […]
