The past one year has been tough for businesspeople in Nigeria and the unpleasant situation may not abate before the end of the year, according to the latest report from the National Bureau of Statistics. The NBS reported that the country’s merchandise trade declined by 11.03 per cent from N29.069tn […]
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U.K. Is Stripped of Triple-A Rating
By MATTHEW WALTER, CASSELL BRYAN-LOW and CHARLES FORELLE Moody’s Investors Service MCO +1.69% stripped the United Kingdom of its triple-A credit rating, predicting economic weakness will weigh on public finances for years to come. Moody’s lowered the U.K.’s domestic and foreign-currency bond rating one notch to Aa1 and changed its outlook […]
Euro falls as the dollar gains for the week
For the day, euro slips a bit after ECB loan news, dollar edges up The euro slipped Friday, contributing to the currency’s losses against the U.S. dollar for the week, after the European Central Bank said commercial banks would pay back early a smaller-than-expected chunk of cheap three-year loans. The […]
