PUNCH
No more naira devaluation –Buhari
The naira should not be devalued further, President Muhammadu Buhari said on Wednesday, despite the Central Bank of Nigeria’s growing struggles to keep the naira at current levels.[Read More…]
Budget constraints affect power investment –FG
The Permanent Secretary, Ministry of Power, Dr. Godknows Igali, has said that prior to privatisation, the growth of the country’s power sector was constrained by the budget, which did not make adequate provisions for power-related projects.[Read More…]
Nigerian firm drills first oil in Rivers State
Green Energy International Limited, an indigenous firm that operates the Otakikpo marginal field, has successfully drilled its first oil 15 months after receiving its ministerial consent for the farm-out from Shell and its joint venture partners.[Read More…]
Nigeria gets 65,000bpd from Erha North 2
Esso Exploration and Production Nigeria Limited, a subsidiary of Exxon Mobil Corporation, has started oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria.[Read More…]
MTN gets N34bn digital pay-TV licence
Telecommunications firm, MTN, has acquired a N34bn licence to provide digital pay television broadcasting services in Nigeria.[Read More…]
VANGUARD
FG sites integrated transport facility in Enugu
In a bid to further boost trade between Nigeria and landlocked countries, the Federal Government has concluded plans to site three key transport infrastructure in Enugu State as a strategy to decongesting the seaports, promote export and create more corridors for transit trade between Nigeria and her landlocked neighbouring countries of Niger and Chad.[Read More…]
NBC secures N34b fund for digital switchover
Although Nigeria could not meet the June 17, 2015 deadline of transiting to digital terrestrial broadcasting set by the International Telecommunications Union, there are positive signals that the transition is possible.[Read More…]
THE NATION
Construction lifts GDP by 3.2 %
The Chief Executive Officer, InstinctWave, Mr. Akin Naphtal, has said the nation’s construction industry contributes about 3.2 per cent to the Gross Domestic Product (GDP).[Read More…]
TSA: Banks move N2tr to CBN
Deposit Money Banks (DMBs) have so far moved an estimated N2 trillion, out of the N3.5 trillion public sector funds in their vaults to the Central Bank of Nigeria (CBN), it was learnt yesterday.[Read More…]
DAILY TRUST
‘Jigawa set for N1 billion dollar investment’
The North-west Regional Coordinator of the Growth and Employment in State(GEMS3),a DFID funded programme,Alhaji Umar Muhammad, yesterday, said about 40 projects worth N1 billion dollars is about to commence in Jigawa State.[Read More…]
THE GUARDIAN
JP Morgan: No cause for alarm, DMO assures investors
THE Debt Management Office (DMO) yesterday appealed to foreign investors who have already withdrawn their portfolio investments from the Nigerian Bond Market to come back because the Nigerian Bond index has sufficient liquidity and remained a safe haven for their investments.[Read More…]
BoI approves N903.4m loan for SMEs in Gombe
The Bank of Industry (BoI) has approved a total of N903.4 million for the development of Micro, Small and Medium Enterprises(MSMEs) in Gombe State.[Read More…]
REUTERS
Asian stocks at three-week highs before Fed decision; dollar wary
Asian stocks edged up to a three-week high on Thursday while the dollar drifted lower against other currencies as investors consolidated positions ahead of a nail-biting U.S. Federal Reserve policy decision.[Read More…]
BLOOMBERG
U.S. Futures Slide With Yen Amid Countdown to Fed Rate Decision
U.S. equity-index futures dropped and the yen weakened as investors remained split on whether the Federal Reserve will opt to raise interest rates Thursday.[Read More…]