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BUSINESS NEWS BRIEF – 28 SEPTEMBER 2015

28
Sep

 

THISDAY

FMDQ OTC to List N8.0bn NMRC Bond
FMDQ OTC Plc  will on Wednesday list Nigeria Mortgage Refinance Company (NMRC) N8.0 billion bond (14.9 per cent July-2030) two weeks after  the securities exchange  listed Wema Bank Plc N8.15 billion Series 1 Commercial Paper (CP).[Read More…]

Diversification of Economy: FG Urged to Leverage on N2.5trn e-Commerce
The federal government has been enjoined to leverage on the growing e-commerce industry for sustenance of its economic diversification policies.[Read More…]

BVN: No More Deadline Extension, CBN Warns
The Central Bank of Nigeria (CBN) has made it clear that there would not be further extension when the October 31, 2015 deadline for the bank verification (BVN) elapses.[Read More…]

CBN, Commercial Banks, Set for WebMall’s e-Commerce Confab
Representatives from the Central Bank of Nigeria, commercial banks and other organisations within the e-commerce sector, have indicated their interests to attend the Connect Commerce conference holding in Lagos tomorrow.[Read More…]

PUNCH

Plateau gets N5.3bn bailout, to pay workers today
The Accountant-General of Plateau State, Mr. Cyril Tsenyi, has said that the state government has been given N5.3bn bailout loan for the payment of outstanding salaries and allowances.[Read More…]

ETI receives $285m loan from Deutsche Bank
Ecobank Transnational Incorporated has secured a $285m senior unsecured loan facility from Deutsche Bank AB.[Read More…]
http://www.punchng.com/business/capital-market/eti-receives-285m-loan-from-deutsche-bank/

Dangote’s Tanzanian cement plant for inauguration Oct. 10
Dangote Cement has announced that it will inaugurate its new 3.0-million-metric-tonne per annum cement plant located in the Mtwara District of Tanzania on October 10, 2015.[Read More…]

VANGUARD

CBN sets aside N2.02trn for intervention schemes
Central Bank of Nigeria, CBN, said it has so far set aside the sum of N2.02 trillion as intervention funds for operators in the various sectors of the Nigerian economy to access.[Read More…]

THE NATION

N3.77tr pension funds idle, says PenCom chief
Despite the availability of N3.95 trillion pension funds for Nigeria to finance its infrastructure challenges, only N156.3 billion has been utilised, leaving N3.77 trillion untapped, the Director-General, National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, has said.[Read More…]

REUTERS

Dollar edges lower ahead of this week’s payrolls, China survey
The dollar pulled away from a one-month high against a basket of currencies on Monday as investors awaited a key Chinese factory survey and U.S. employment figures this week for clues on when the Federal Reserve will finally hike U.S. interest rates.[Read More…]

Asia shares sag on caution, dollar consolidates
Asian stocks sagged on Monday after Wall Street’s uninspiring performance on Friday and ahead of key economic indicators, while the dollar consolidated its gains against the yen and euro.[Read More…]

Shell pulls the plug on Arctic exploration for now
Oil company Royal Dutch Shell (RDSa.L) is pulling out of exploration in Arctic waters off Alaska for the foreseeable future and could take a hit of up to $4.1 billion after failing to find enough oil.[Read More…]

BLOOMBERG

China Industrial Profits Fall Most Since 2011 as Growth Ebbs
Chinese industrial companies reported profits fell the most in at least four years as the pillars of China’s infrastructure-led growth model suffered from a devalued yuan, a tumbling stock market and weak demand.[Read More…]

 

fake richard mille
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