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Nwankwo Speaks At London Stock Exchange, Advises African Countries On Economic Transformation Through Debt Financing

The immediate past Director General of the Debt Management Office in Nigeria, Dr Abraham Nwankwo, has admonished African leaders to initiate robust macroeconomic, transformation plans to drive debt-financed sustainable economic growth and prosperity. Speaking on the topic “Sapping Africa’s Debt Financing Strategy: Removing Some Mental Cobwebs”, at the Fourth London Stock Exchange LSEG Africa Advisory Group (LAAG) Meeting in Nairobi, Kenya, Nwankwo said such a transformation plan is needed as a formal policy document,…

Emefiele Predicts Rapid Drop In Food Prices

Godwin Emefiele, Governor of the Central Bank of Nigeria has expressed optimism that inflation rate will fall at a faster rate and hit single digit by mid-2018. Speaking on the sidelines of an investment conference at the London Stock Exchange on Friday, the CBN governor was upbeat that prices of food will plummet to compliment the fall in core inflation. Data released by the National Bureau of Statistics in its latest publication of the Consumer Price Index, showed that Nigeria’s annual inflation rate marginally…