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Publication of Two IMF Staff Papers on Financial Development, Inclusion, Trade and Foreign Investment in the GCC
December 6, 2018/IMF EXECUTIVE SUMMARY Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a large impact on growth. Such measures can support higher, sustained, and more inclusive growth by improving the allocation of resources across sectors and producers, creating jobs, triggering […]
ECONOMY: World Bank Cuts Nigeria’s GDP Growth Rate; States’ IGR Rises to N579.4 billion in H1 2018
November 30, 2018/Cowry Asset World Bank, in its Nigeria bi-annual economic update released on Wednesday, November 28, 2018, revised its earlier forecasted 2.1% growth rate for Nigeria’s Gross Domestic Products (GDP) in 2018 to 1.9%. The cut in projected GDP growth rate by the multilateral institution was adduced to disruption […]
Brexit and the Global Economy
Culled—Proshare November 26, 2018 OpEd By MOHAMED A. EL-ERIAN Nov 22, 2018 The United Kingdom’s divorce negotiations with the European Union have dragged on through multiple déjà vu moments, and the consensus among experts is that the economic fallout will be felt far more acutely in Britain than in the EU. But […]
Electricity Is Too Expensive In Nigeria
Culled—Proshare November 25, 2018 OpEd By Tope Fasua Since I gave up paying bills in my house my poor wife has been picking the bills. Of late I’ve been paying mind to her struggles. I was shocked the first time I found we spent N10,000 on electricity every week, […]
Winds of Change: The Case for New Digital Currency
14/11/2018/IMF By Christine Lagarde, IMF Managing Director Singapore Fintech Festival Introduction Distinguished guests, ladies and gentlemen—good morning and thank you for the opportunity to participate in this important event. In Singapore, it is often windy. Winds here bring change, and opportunity. Historically, they blew ships to its port. These resupplied […]