The naira hit a record low of 325 to the dollar at the parallel market on Thursday as desperate importers scrambled for dollars to meet their obligations overseas. The local currency had closed at 318 against the greenback on Wednesday, after hitting 313.5 and 310 on Tuesday and Monday, respectively. […]
Tag: InvestAdvocate
Greece: Toward a Workable Program
Culled—-iMFDirect By Poul M. Thomsen February 11, 2016 Having successfully pulled Greece from the brink last summer and subsequently stabilized the economy, the government of Alexis Tsipras is now discussing with its European partners and the IMF a comprehensive multi-year program that can secure a lasting recovery and make debt […]
IMF Nominates Christine Lagarde Managing Director in Selection Process
By InvestAdvocate Lagos (INVESTADVOCATE)-Global lender, the International Monetary Fund (IMF) said on Thursday Christine Lagarde, has been nominated as managing director (MD). Aleksei Mozhin, the dean of the executive board of the fund said the period for submitting nominations for the position of the next managing director closed on Wednesday, […]
