Nigeria will make a second $1 billion withdrawal from its Excess Crude Account (ECA) by next month to distribute to its three tiers of government for projects, reducing its oil savings to $6.82 billion, the state minister for finance said on Thursday. The figure compares with $9 billion that the […]
Tag: Africa
Africa Economic Forum on Continent’s Future Opens Today
Leading corporates, state officials, industries, senior executives and economic thinkers on Africa’s economies will today, converge on Sandton Convention Centre, Johannesburg, South Africa, venue of the 7th Africa Economic Forum 2013, to discuss the continent’s economic future. The agenda for the event, organised by Global Pacific & Partners, is shaped […]
Reducing Cost of Remittance, African Migrants to Save $4 billion
By Our Correspondent Lagos (INVESTADVOCATE)-If the average cost of sending remittance is reduced to five percent (5%) from the current 12.4% Africa’s migrants and their families who rely on remittances for survival will save about $4 billion. This is contained in the March 2013 issue of Finance & Development a […]
