Tue Mar 15, 2016/Reuters The International Monetary Fund (IMF) has approved two-year standby facilities for Kenya worth about $1.5 billion, which can be drawn on if the East African nation faces unforeseen shocks. “The Kenyan authorities have indicated that they will continue to treat both arrangements as precautionary,” the IMF […]
Tag: Reuters
Auditor-General Says NNPC Failed to Remit $16 Billion Revenue in 2014
By InvestAdvocate Lagos (INVESTADVOCATE)- Samuel Ukura, the auditor-general of the Federation said on Monday that the Nigerian National Petroleum Corporation (NNPC) failed to remit $16 billion (N3.2 trillion) in revenues to the federal government in 2014, according to a Reuters report. This is the same year Lamido Sanusi, the then […]
Wall St. ends flat as investors brace for Fed
Mon Mar 14, 2016/Reuters Wall Street closed little changed on Monday as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a U.S. Federal Reserve meeting. The Dow Jones industrial average .DJI rose 15.69 points, or 0.09 percent, to 17,229, the S&P 500 .SPX lost […]
