LEADERSHIP
Dangote To Address Global Tech Start-ups
Africa’s richest man and chairman of Dangote Group, Alhaji Aliko Dangote, will address a global audience at the 2015 edition of DEMO Africa on September 24-25, 2015, in Lagos, the chairman of the local organising committee (LOC), Yele Okeremi, has confirmed..[Read More…]
Nigerian International Debt Fund To Pay N21m Interim Coupon
Investors in a mutual fund listed on the Nigerian Stock Exchange (NSE), the Nigerian International Debt Fund (NIDF), are to receive an interim coupon of N20.762 million, translating into N38.21 per note, on the register of the fund as at June 30, 2015..[Read More…]
PUNCH
Stanbic IBTC, PAN introduce auto finance scheme
Stanbic IBTC Bank and PAN Nigeria Limited, makers of the Peugeot brand of vehicles, have signed a new finance lease agreement..[Read More…]
23 investors access N872m protection fund
The Board of Trustees of the Investor Protection Fund has said that 23 investors have been paid N7.2m as compensation from the fund..[Read More…]
Naira rises to 217 against dollar
The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday..[Read More…]
SON seeks law against exportation of uncertified products
the Standards Organisation of Nigeria on Monday said there was a need to put in place a law that would prohibit the exportation of products not duly certified by the appropriate authorities..[Read More…]
Regulator bars insurance firms from offshore investment
The National Insurance Commission has barred insurance companies from investing in any business outside the country..[Read More…]
Consumers without electricity won’t pay fixed charge —NERC
Power consumers who do not receive electricity supply will stop paying the fixed charge, the Nigerian Electricity Regulatory Commission has said..[Read More…]
Customs chief resigns, says I’ve nothing to fear
President Muhammadu Buhari has accepted the resignation of the Comptroller-General of the Nigeria Customs Service, Alhaji Dikko Abdullahi..[Read More…]
VANGUARD
Nigeria requires $2.3bn to achieve gas targets
NIGERIA will need an investment of about $2.3 billion, an equivalent of about N460 billion to meet the Nigerian Gas Master Plan’s target of 2,300 kilometres of pipelines across the country to boost gas supply, according to a report by the Centre for Social Justice, CSJ..[Read More…]
THE GUARDIAN
UBA wins largest lender to agriculture award
UBAPAN-AFRICAN Financial Services group, United Bank for Africa (UBA) Plc was honoured with an award as Nigeria’s biggest lender to agriculture..[Read More…]
THISDAY
Lafarge Zambia Profits Soar as Moody’s Affirms New Cement Giant
The synergies expected from the merger of the world’s two biggest building materials companies-Lafarge, the French giant and Holcim, its Swiss rival, are beginning to manifest as LafargeHolcim’s Zambian operations reported a jump in profits and Moody’s affirmed the new cement giant..[Read More…]
Frontier Oil Boosts Gas Supply to Alaoji, Calabar, Ibom Power Plants
The Chief Executive Officer of Frontier Oil Limited (FOL), Mr. Thomas Dada has stated that his company is the source of gas supply to Alaoji Power Plant in Abia State; Calabar Power Plant in Cross River State and Ibom Power Station in Akwa Ibom State..[Read More…]
Customs Intercepts Bulletproof Vehicles, Destroy 5,364 Cartons of Smuggled Poultry Products
The Nigeria Customs Service (NCS) has stepped up its campaign against smugglers of prohibited items into the country as it has intercepted contrabands with a duty paid value (DPV) N197, 385, 747..[Read More…]
THE NATION
Aircraft owners seek review of charges
THE Aircraft Owners Association of Nigeria (AOAN) has called on the Federal Government to review the charges paid by its members to reduce their high cost of Operations..[Read More…]
REUTERS
Europe shares knocked by disappointing U.S. data
European stocks lost ground on Monday afternoon, with the German market bearing the brunt of selling after data showed manufacturing activity in New York state shrank to its weakest level in August since 2009..[Read More…]
Asian shares hit two-year lows as China woes, dollar firm
Asian shares fell to a two-year low on Tuesday on worries that cooling demand in China will weigh on the trade-reliant region, while the dollar held firm after strong U.S. housing data offset concerns from a weak manufacturing report..[Read More…]
BLOOMBERG
China Reserves Take a $40 Billion Hit on Yuan Intervention
China’s foreign-exchange reserves are expected to drop by some $40 billion a month as the central bank intervenes to support the yuan, a Bloomberg survey showed..[Read More…]