Analysts see renewed volatility in global financial markets

Though the bouts of volatility in early February and late March that spooked investors were confined to equity markets, authors of an International Monetary Fund blog (IMFBlog) article – Volatility Strikes Back – say the developments illustrate the potential for sudden market moves to expose fragilities in the financial system more broadly. The authors specifically […]

World food prices edged marginally higher in April – FAO

World food prices edged marginally higher in April from March, with the prices of most cereals and dairy products continuing to rise while sugar fell further, the Food and Agricultural Organisation (FAO) said Thursday, according to a Reuters report monitored by businessamlive. Specifically, the United Nations agency said food price index, which measures monthly changes […]

Middle East faces ‘matrix of risks,’ IMF warns

Tightening liquidity, trade tensions and ongoing structural issues mean that Middle Eastern nations are facing a multitude of challenges, according to the International Monetary Fund’s (IMF) regional director, Jihad Azour. The director of the Middle East and Central Asia Department at the IMF said that “The matrix of risks has local or regional components, as […]

Nigeria’s central bank says head office not on fire

Godwin Emefiele, Governor, CBN

Central Bank of Nigeria spokesperson, Isaac Okorafor, has denied trending online claim that its head office was on fire. Okorafor issued a statement to debunk the claim. Following is his statement sent businessamlive via WhatsApp: “Reports that the Cenyral Bank of Nigeria (CBN) head office building is on fire are false. Passers by who saw […]