Nigeria Economic Headline News 19th June, 2017

By Kibash
Funding gaps: 15 Manufacturing companies borrow N418bn from banks – Vanguard
2018 budget: FRC advises FG o stick to ERGP – Vanguard
Business survival inconceivable with high interest rates – Punch
CBN ang high interest rates 1.3m teachers - The Sun
Quoted companies cut cash dividend payments by N167billion – Businessday
$230m lost as Nigeria fail to capture $46bn non-oil exports – Businessday
N261bn Forex, OMO auctions stabilise exchange rate – Nigerian Guardian

Nigeria Major Economic Indicators as at Monday, 19th June, 2017

By Kibash

Inflation Rate - 16.25%

Monetary Policy Rate(MPR) - 14%

Dollar - Naira Exchange Rate - N305.75

Average PMS Price - N147.3

Crude Oil Price - $46.9

Headline of Nigeria Economic News 18th June, 2017

By Bashiru Ibrahim

Banks to resume dollar loans as naira appreciates - Punch news
Nigeria ranks 119 in global innovation index - Punch news
FG moves to improve investment climate - Punch news
Nigerias N19tn debt portends danger for economy : Experts - Punch news
Capital budget implementation raises concerns on inflation  Thisday
Economic crisis: W/African monetary zone moves to check banks - Vanguard news
CBN: $2.2b foreign capital inflow boosts equities - The Nation
CBN assures on economic stability in Q3 - The Nation
Forex restriction on 41 items inimical to real sector - Nigerian Guardian

Economic Ideas- Theory of Utility

By Kibash
Utility is a term used by economists to describe the measurement of "useful-ness" that a consumer obtains from any good or service. It is the satisfying power of a commodity. <

How Microeconomics Affects Everyday Life

By Poonkulali Thangavelu
Microeconomics is the study of how individuals and businesses make choices on how to best use limited resources. The field interests investors as individual consumer spending accounts for about two-thirds of the U.S. economy. Microeconomics and macroeconomics (the study of the larger aggregate economy) together make up the two main branches of economics.
So how do the principles of microeconomics affect everyday life?

The Pound is One of the World’s Worst-Performing Currencies in the Past Year

By C.W. | LONDON
RARELY do people compare the British pound to the Nigerian naira, Azerbaijani manat or Malawian kwacha. But these are special times. Following the Brexit vote, investors dumped sterling. Some are worried about the possibility of a "hard" Brexit. Others are simply baffled by the government's xenophobic and divisive rhetoric.