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The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
There were Filipinos in Nigeria as early as the 1970s; the Philippine Barangay Society of Nigeria was founded in 1973 in an effort to coordinate the various Philippine community organisations that had already sprouted up around the country. Its offices are located at the Caverton Helicopter Staff Compound in Ikeja, Lagos. [6]
Nigeria continues to be a hub for Overseas Filipinos primarily workers involved in the oil, gas and construction industry of the country. [7] As of 2011, there were 7,240 Filipinos in Nigeria, mostly professionals and spouses of Nigerian nationals. [8] As of 2014, about 8,000 Nigerians are studying in the Philippines. [9]
The economy is far from sufficient for Nigeria’s booming population ABUJA, Nigeria (AP) — Nigerians are facing one of the […] The post Nigeria’s currency has fallen to a record low as ...
Starting out around 2008, Boko Haram has carried out attacks in order to spread their Islamic influence and defeat the westernization that began during colonialism. They were able to recruit among the youths population of Nigeria because of unemployment; approximately 64 million youths are unemployed with 1.6 million being underemployed. [25]
In June 2008 the FAO hosted a High-Level Conference on World Food Security, in which $1.2 billion in food aid was committed for the 75 million people in 60 countries hardest hit by rising food prices. [157] In June 2008, a sustained commitment from the G8 was called for by some humanitarian organizations. [158]
The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages. ... Nigeria’s ...
The economy saw continuous real GDP growth of at least 5% since 2012. The Philippine Stock Exchange index ended 2012 with 5,812.73 points a 32.95% growth from the 4,371.96-finish in 2011. [91] The Philippines achieved an investment grade rating for the first time in the first quarter of 2013.