Business Finance

Int. airlines promised to receive some of their funds trapped in Nigeria

The Central Bank of Nigeria said (26 August) it has made US$ 265 million available for release to international airlines shortly after the Dubai-based Emirates airline announced that it has put a hold on flight operations in and out of Nigeria due to its inability to repatriate funds from the West African country. The money […]

Business Finance

Morocco’s Economy to Post 4.2% Growth in 2017- Central Bank

Morocco’s Central Bank, Bank Al Maghrib, forcasted a 4.2% growth rate for Moroccan economy in 2017, up from 1.2% in 2016. The positive growth rate was put forward on the backdgrop of a promising crop year following abundant rainfall, the Bank said. The bank has kept its benchmark interest rate unchanged at 2.25 percent as […]