U.S. to Press Nigeria on Foreign Exchange Rate Flexibility
29/03/2016The United States has recently said that it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa’s.
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The United States has recently said that it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa’s.
Lagos and Kebbi State Governments have recently signed a memorandum of understanding (MoU) which they said would culminate in the production of 70 per cent of Nigeria’s rice requirements annually.
Nigeria’s parliament has recently approved record spending for 2016 in a budget that gave few clues about how Africa’s top oil producer can find the money with energy prices still.
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Nigeria’s Finance Minister, Kemi Adeosun, has recently revealed that the government will pump 350 billion naira ($1.76 billion) in the next quarter, in order to revive the county’s economy.
The Kenyan and Ugandan presidents held talks on Monday about which route to choose for an oil export pipeline that Kenya wants to go through its territory rather than neighbouring.
Mining and oil firms in the Democratic Republic of Congo have recently being asked to pay taxes and import duties in U.S. dollars rather than in the national currency.
Britain’s Tullow Oil has recently said that it has made an oil discovery in Kenya, which could mean opening up a second oil basin for development in the country.
The International Monetary Fund (IMF) has recently 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.
Senegal’s economic growth reached 6.5 percent in 2015 for the first time in more than a decade, the International Monetary Fund said recently, buoyed by the agriculture sector and the.