World News

Forbes Names Dangote African Richest Fifth Consecutive Time

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s business mogul, Aliko Dangote has been named Africa’s richest man for the fifth consecutive time according to the Africa’s 50 Richest report released on Wednesday by Forbes, business and financial news firm. Dangote who produces, cement, sugar and flour in Africa’s most populous […]

Nigeria’s president asks for extra budget to cover fuel subsidy

Wed Nov 18, 2015/Reuters Nigeria’s President Muhammadu Buhari has requested the approval of a supplementary budget to cover mainly the 413 billion naira ($2.1 billion) of debt owed to fuel importers under a subsidy scheme, the presidency said on Wednesday. Buhari asked the Senate to approve 465.64 billion naira to […]

Christine Lagarde on IMF Review of SDR Basket of Currencies

November 13, 2015/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) issued the following statement today:   “The staff of the IMF has today issued a paper to the Executive Board on the quinquennial review of the SDR. A key focus of the Board review is whether […]