THISDAY
Osinbajo: SMEDAN Key to Economic Development
The Vice-President, Prof. Yemi Osinbajo, on Thursday said promotion of small and medium scale enterprises (SMEs) was one surest way of achieving economic development.[Read More…]
Fidelity Rebrands, to Strengthen Focus on Youth Segment
Fidelity Bank Plc on Thursday unveiled its new identity. The bank explained that the move was aimed at strengthening its operations in order to deliver superior customer satisfaction. It also explained that the rebranding exercise was to bring about convergence in its services, to suit both the old and new generation customers.[Read More…]
Council Calls for Downward Review of Sugar Prices
Worried by the relatively high prices of sugar in the domestic market in spite of the continuous drop in the international market prices, the National Sugar Development Council (NSDC) has urged the local refineries and producers in the country’s sugar sector to carry out a downward review of current sugar prices in line with emerging trends in global sugar market.[Read More…]
Benin Airport Reopens for Flight Operations
Close to three months after the Benin Airport suspended flight activities, the management of the airport on Thursday announced its reopening as duly certified by the Nigeria Civil Aviation Authority (NCAA).[Read More…]
PUNCH
Dangote, Elumelu champion FDI in Africa
Nigerian entrepreneurs are pushing the frontiers of Foreign Direct Investment on the African continent.[Read More…]
Profit taking depresses NSE index by 1.6%
Profit-taking by investors caused the equities segment of the Nigerian Stock Exchange to close on a negative note for the second straight session on Tuesday.[Read More…]
UBA’s half-year profit rises by 40%
United Bank for Africa Plc achieved double-digit growth in earnings and profits in the half year ended June 30, 2015, the bank’s results for the period showed.[Read More…]
World Bank seeks $135bn for African projects
The World Bank has asked for the support of members of the African Caucus, in order to raise funds to replenish the International Development Association.[Read More…]
Osun, Niger, Ebonyi get N43.457bn bailout
Workers in Osun, Ebonyi and Niger states will start receiving their outstanding salaries in a couple of days following the disbursement of the states’ shares of the N338bn bailout fund to their respective state government accounts, amounting to N43.457bn.[Read More…]
Doing business: Nigeria among 16 worst nations
The World Bank has rated Nigeria among 16 worst nations in the world in the area of doing business.[Read More…]
NIPC to assist women entrepreneurs with funding
The Nigerian Investment Promotion Commission has pledged to assist Nigerian women entrepreneurs to access funding from financial institutions to enable them invest in key sectors of the economy.[Read More…]
VANGUARD
NNPC sets ultimatum for Warri refinery rehab
The Nigerian National Petroleum Corporation, NNPC, has given a 90 days ultimatum to the Management of the Warri Refining and Petrochemicals Company, WRPC, to commence full production at the facility.[Read More…]
THE GUARDIAN
Apapa port generates N30.1b in August as terminal records drop in volume by 29%
shippingDESPITE the dwindling price of crude oil in the international market and exclusion of some items from foreign exchange transactions by the Central Bank of Nigeria (CBN), the Apapa Area 1 Command of Nigeria Customs Service (NCS) generated N30.1billion revenue in the month of August, surpassing its monthly average of N23 billion.[Read More…]
LEADERSHIP
NCC Fines MTN, Airtel, Others N120m Over Incomplete, Pre-registered SIMs
The Nigerian Communications Commission (NCC) has fined four Nigeria’s leading telecom operators, MTN, Airtel, Globacom and Etisalat Nigeria a total of N120.4 million for having incomplete and pre-registered SIM cards in their systems.[Read More…]
DAILY TRUST
Airlines get another ultimatum on debts
The Nigerian Civil Aviation Authority (NCAA) yesterday issued a fresh two-week ultimatum for airlines to remit their outstanding debts accruable from the five per cent Ticket Sales Charge (TSC) and Cargo Sales Charge (CSC).[Read More…]
THE NATION
NSIA spends $2.2m on Second Niger bridge, says MD
The Nigeria Sovereign Investment Authority (NSIA) has spent $2.21million (about N439.78million) towards the construction of the Second Niger Bridge, the Managing Director/Chief Executive Officer of the agency, Uche Orji, has said.[Read More…]
REUTERS
Oil prices dip on caution ahead of U.S. jobs data
Oil prices fell almost 1.5 percent on Friday, as investors turned cautious ahead of U.S. jobs data that is expected to play into the Federal Reserve’s decision on the timing of any U.S. rate hike.[Read More…]
Asian shares fall as U.S. jobs jitters outweigh ECB support
Asian shares extended losses on Friday as caution over a U.S. jobs report overshadowed signals from the European Central Bank that it is willing to take further steps to shore up the European economy.[Read More…]
BLOOMBERG
Alibaba Chairmen Said to Plan $2 Billion Loan Against Stock
Alibaba Group Holding Ltd. Chairman Jack Ma and Vice Chairman Joseph Tsai are planning to raise more than $2 billion through a margin loan pledged against the company’s stock, according to people familiar with the matter.[Read More…]
MARKET WATCH
What to watch in the critical August jobs report
Falling stock markets and slowing Chinese growth have sparked fresh worries about the global economy, but the U.S. continues to outperform the rest of the world.[Read More…]