-
Nigeria
Forex restrictions adversely affected economy, Fed Govt laments
The Federal Government yesterday lamented that the foreign exchange restrictions by Central Bank of Nigeria (CBN) in the first half of this year adversely affected the economy. Minister of Budget and National Planning Udoma Udo Udoma, who spoke at the stakeholders’ consultative forum on the 2017- 2019 medium term expenditure ...
-
Iran Nigeria
We Are Learning The Hard Way On The Economy – PMB
President Muhammadu Buhari yesterday, in Abuja, said the federal government was working assiduously to ameliorate the challenges faced by the Nigerian economy within a short period, by understudying the experiences of countries like Iran who thrived in adversity. Receiving a Special Envoy from the President of Islamic Republic of Iran ...
-
USA
Economic Scene: Why Dropping the Trans-Pacific Partnership May Be a Bad Idea
The pact has few friends left in Washington, but America’s Asian allies may see backing off as a betrayal of Washington’s commitment to the region.
-
Ghana
Minority criticizes gov’t over $2.1 bn food imports
The Minority in Parliament has revealed that government, last year, spent 2.1billion dollars to import only eight food crops into the country. Minority spokesperson for Agriculture, Dr. Owusu Afriyie Akoto who made the revelation tells Citi Business News the move is driving local farmers and the agriculture sector in Ghana ...
-
Ghana
Ghana likely to re-engage IMF deal over BoG deficit financing
A Deputy Minister of Finance, Mona Quartey has told Citi Business News that Ghana may have to renegotiate its deal with the IMF should Parliament approve a 5% financing of government’s budget deficit. According to her, government is willing to accept the decision of the legislature on financing government’s budget ...
-
Giappone
Japan’s biggest bank to launch ATMs that use smartphone validation
The high level of security now available on smartphones has led Bank of Tokyo-Mitsubishi UFJ to plan ATMs that use validation by phone rather than card and PIN, sources said Tuesday. It will be the first major Japanese bank to offer a service that does not require bank cards. While ...
-
Giappone
Yahoo sells internet assets to Verizon in $4.8 billion deal
Yahoo sealed a deal Monday to sell its core business to telecom giant Verizon for $4.8 billion, ending a two-decade run as an independent company for the internet pioneer. The agreement announced by the two companies after months of negotiations comes following a years-long decline for the iconic firm that ...
-
Giappone
Penny-pinching Japanese households spend less on having fun
Whether it is the young or the old, Japanese consumers are spending less on fun, and that is bad news for Abenomics. With many pensioners on fixed incomes focused on buying the essentials, and a growing number of workers in their 20s and early 30s stuck in low-paying, nonregular jobs, ...
-
Giappone Vietnam
As Japan grays, retailers covet youthful masses in Vietnam
These days, Thu Huong no longer shops at the fresh produce market near her home, opting instead to hop in a taxi and head off to Aeon Co.’s 9-month-old mall in Hanoi. There, as she shops for her family of five, she can bask in the air-conditioning and enjoy free ...
-
Giappone
Avoid Japan’s hedge funds, SkyBridge chief warns, citing unease over stimulus and debt
As one of the world’s biggest investors in hedge funds, it is Raymond Nolte’s job to find traders who can navigate even the toughest markets. Right now, he trusts nobody to do that in Japan. The chief investment officer of SkyBridge Capital has zero exposure to Japan-focused hedge funds, saying ...