After a series of delays, Nigeria’s expansionary 2016 budget, which President Muhammadu Buhari submitted to the National Assembly in December 2015, was approved in March 2016. The proposed N6.08trn ($19.2bn) budget represented a 22% increase over the previous year.
The history of the naira as it has alternated between fixed and floating exchange rate regimes has always been closely tied to the price of oil. In June 2016 the Central Bank of Nigeria (CBN) introduced a flexible interbank exchange rate market, effectively floating the naira in a departure from recent policy. The currency’s value has since...
ETIQUETTE: Relationships are very important within the business community. Meetings typically open with a handshake, followed by a casual conversation about family, health and travel. The discussion of the topic at hand begins at the host’s indication.
Federal Ministry of Agriculture & Rural Development www.fmard.gov.ng info@fmard.gov.ng Federal Ministry of Communications www.commtech.gov.ng roundtable@commtech. gov.ng Federal Ministry of Finance www.finance.gov.ng Federal Ministry of Foreign Affairs www.foreignaffairs.gov.ng info@mfa.gov.ng Ministry of Petroleum Resources www....
SOUTHERN SUN IKOYI 47 Alfred Rewana (Former Kingsway) Road, Ikoyi, Lagos T: (+234) 1 280 5200, 1 280 0630 F: (+234) 1 280 0658, 1 280 0559 www.tsogosun.com/southern-sun-ikoyi tsogosunhotels.contactus@tsogosun.com Rooms: 195 luxury bedrooms – 86 standard and 97 executive rooms, four suites, five junior and two executive suites and one...
As with many other emerging markets in North Africa, Tunisia has long operated a quota system for imports of certain designated goods, both processed and unprocessed. Such measures are generally introduced in large part to reduce pressure on a country’s trade deficit, and in some cases, support the development of local industries. Tunisia saw...
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