Tuesday, September 11, 2018

Tag "Technical Recession"

    South Africa slips into recession

South Africa slips into recession

South Africa is currently experiencing a “technical recession,” after the country’s statistical bureau said real gross domestic product (GDP) decreased by 0.7 percent in the second quarter of the year (Q2 2018).The nation’s GDP had decreased by 2.6 percent (revised from 2.2 percent) in Q1 2018.A technical recession happens when a country experiences two quarters of negative growth consecutively.It is [...]

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Exchange Rates

September 10, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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