Naira now among worst in world, says Bloomberg
Officially, Nigeria’s naira can be said to be doing pretty well this year, down just 4% against a strong US dollar, ahead of the Canadian dollar and the Swiss franc.
But that is only a…
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Zambia’s currency surges after $1.3 billion IMF deal
The International Monetary Fund approved 38-month arrangement with Zambia under the Extended Credit Facility (ECF) around $1.3 billion, or 100 percent of quota to the country has led to the…
IEA members agree to release 120m barrels of oil from reserves
Member countries of the International Energy Agency (IEA) have agreed to release 120 million barrels of crude oil from their reserves, a development that is cooling global oil markets.…
Bloomberg User’s Guide to Navigating Nigeria’s Foreign-Exchange Maze
Nigeria, under pressure from multilateral lenders, has vowed to untangle its Byzantine foreign-exchange regime that deters investment in Africa’s biggest economy. But the slow pace of change…
Mezuo, Ndidi Nwuneli are first couple to give Harvard’s keynote at HBS class day
Nigeria’s Ndidi and Mezuo Nwuneli have become the first couple ever to give the keynote address at Harvard Business School’s class day.
Michael Bloomberg, the founder of Bloomberg who has…