18 May - Nigerian Markets Wrap with Bankole Odusanya
Fri, 18 May 2012
ABN’s Uche Okoronkwo speaks with Bankole Odusanya, Fixed Income Expert at United Bank for Africa, looking at the latest financial news driving the Nigerian Market.
ABN’s Uche Okoronkwo speaks with Bankole Odusanya, Fixed Income Expert at United Bank for Africa, looking at the latest financial news driving the Nigerian Market.






Mali's interim government has raised the combined sales tax on gold by 2 percentage points to 8 percent, a move aimed at bringing it in line with peers in the West Africa region. The tax hike came as a senior mines ministry official said Mali will miss its 2012 output target of just over 49 tonnes. The official said it was too early to give a new figure.
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The IMF's latest Regional Economic Outlook has cut 2012 growth for sub-Saharan Africa from its previous forecast due to global financial distress and a sluggish recovery in South Africa. However, with growth forecast at 5.4%, it’s still better than the world average. With African economies sustaining their good progress, should South Africa reduce its exposure to Western economies?