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An underlying economic principle that is often lost in translation in public discourse on the operations of foreign exchange market in Nigeria is the dynamic relationship between demand, supply and price. The technical terms often used by economic and financial …
Continue readingEgypt is set to receive $500 million from Germany to support the economy.
According to the Egyptian ministry of investment and international cooperation, the funds will be used to support the ongoing economic reform programme as well as boost the …
Continue readingGerman Chancellor Angela Merkel on Friday announced that her government would provide Tunisia with 250 million euros about (263m) dollars in developmental aid.
Merkel made the announcement during a visit to Tunis for talks on security and migration, she said …
Continue readingKenya is planning to double its coffee export to the United States of America, the world’s largest consumer of the beverage.
“North America is a big market for specialty coffee and we expect the visibility Kenyan coffee gets will help …
Continue readingThe most populous nation in East Asia, China has disbursed nearly $30 billion to assist African countries in different projects as its pledges to be the most reliable partner in improving agricultural development and industrial development in the continent.
China …
Continue readingFor the first time in a more than a quarter century, Somalia will get new bank notes. With the help of the International Monetary Fund (IMF), the country will print official bank notes in an effort to combat …
Continue readingA currency devaluation may do little to fix Nigeria’s problems unless it follows the examples of emerging market peers Egypt, Argentina and Russia and embraces floating exchange rates.
Grappling with recession, widespread dollar shortages, a budget funding gap and international …
Continue readingYoung men, ageing widows and local chiefs — even civil servants — have taken to the fields to work in rice paddies that stretch for miles around Tarasa, a village in north-west Nigeria.
Two years ago the land in one …
Continue readingThe independent National Electoral Commission (INEC) has announced the dates for the 2019 elections. The Presidential and National Assembly elections will hold on February 16, 2019 while the Governorship and State House of Assembly will hold on March 2, 2019. …
Continue readingThe Federal Government of Nigeria has finally released the long-awaited economic recovery and growth plan (2017 – 2020). Africa’s largest economy slipped into recession last year on the back of plummeting oil prices, Nigeria’s main foreign exchange earner.
The four-year …
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