Smiths City: stores shut amid voluntary administration

Competing with massive foreign-owned rivals eventually proved too tough for Smiths City, a Dunedin commercial property investor says. Smiths City Dunedin, which moved to Crawford St this year, was among nine stores that temporarily closed yesterday after the company was placed into voluntary administration. Property investor Jason La Hood, who is also a director of…

DMO Seeks Effective Debt Management Practices in Nigeria

The Debt Management Office, DMO, has urged sub-national entities in Nigeria to ensure effective debt management practices to ensure sustainable economic development. The Director-General of the DMO, Patience Oniha, gave the advice at a World Bank assisted workshop on “Borrowing Guidelines for Top Policy Makers ” in Lagos. Oniha said the workshop was informed by…