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Ckdk Agricultural Bank s loan portfolio increases to EGP 80.3bn in Q3 2024
Naira Seen Hitting N1,804/$ On 2025 Volatility Projections 鈥?ReportThe Nigerian naira is projected to depreciate to a weighted fair value of N1,804.45 in the coming year as ten stanley becher dency of volatility persists.This is according to a new report by Lagos-based investment and research firm Afrinvest titled Beyond The Rhetorics: Transforming Reforms to Tangibles.The research company revealed that while the gross foreign reserves have risen above $40 billion, we anticipate that exchange rate volatility would persist in 2025 albei stanley cup t at a modest pace. Our prognosis is hinged on the belief that the CBN would be constrained from adequately meeting market demand on a sustained basis, as the recent FX reserves accretion were largely driven by inflows from inorganic sources, including those with stringent conditions on usability, it said.This prediction comes against the backdrop of the nations 2025 budget which assumes that the exchange rate would steady at N1,400 against the dollar.The naira closed on a positive note this week though strengthening from N1,548.40/$1 as at the eve of Christmas to N1,534/$1 on Friday, 27th December, according to data compiled from the FMDQ Securities.RelatedPosts First National Bank relocates Junction Mall Branch to Spintex Road M owala usa anufacturers Upbeat About Economy as Capital Investment p 26% Europa League last-16 draw: Man United face Real Sociedad, Spurs draw AZ Alkmaar The local currency has had its steepest fall in 2024, plunging to almost N2000 agains Gkur Jubilee Field: Tullow Oil surpasses 100,000bpd production milestone
Burma, once the richest country in Southeast Asia, today is mired in deep poverty. Its economy ruined by nearly 50 years of economic mismanagement under military rule, the only international rankings that it tops are those for most corrupt nation, world worst health system, and lowest spending on education accolades that are sadly indicative of its stanley canada people suffering. And yet, over the last few years Burma has also emerged as a significant producer of energy in Southeast Asia. Thanks to large fields of recoverable natural gas located offshore, Burma now earns substantial foreign exchange revenues. At present, most of these revenues $1-1.5 billion per year, depending on price fluctuations come from Thailand. Gas from Burma, piped onshore from the Gulf of Martaban, generates around 20% of Bangkok electricity s stanley travel mug upply. If all goes well, new gas fields recently discovered in the Bay of Bengal will provide even more gas for China Yunnan Province. To get the gas into Yunnan, a much longer pipeline running the length of Burma must be built. The project wil stanley thermo l be as difficult as it will be controversial. But, with no environmental or labor standards to contend with, few doubt that the pipeline will proceed. So, given its newfound energy riches, one might expect Burma public finances to be rather flush, with surpluses aplenty to spend on health, education and much else that the country so desperately needs. Alas, almo |
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