THISDAY
Osinbajo: Nigeria Can’t Change FX Rules to Satisfy Portfolio Investors
Vice-President Yemi Osinbajo has said Nigeria cannot change its foreign-exchange rules to satisfy portfolio investors, giving support to the central bank’s currency controls.[Read More…]
NDIC Seeks Greater Awareness on Benefits of Non-interest Banking
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has urged the management of Jaiz Bank Plc to intensify its public awareness and financial education campaign to showcase benefits of non-interest banking practice in the country.[Read More…]
THE NATION
CBN to retain currency controls
The Central Bank of Nigeria (CBN) will retain foreign currency controls because of concerns about slowing growth, a senior bank official has said.[Read More…]
BUSSINESSDAY
Nigeria inflation may soar as floods destroy produce worth of N49 billion
Nigeria inflation may worsen as floods destroyed farm produce such as rice, groundnut, millet, guinea corn and maize worth up to N49 billion.[Read More…]
PUNCH
Unpaid salaries: Ondo workers suspend strike
Civil servants in Ondo State have suspended their two-day warning strike they embarked upon as a result of the non-payment of their two- month salaries by the state government.[Read More…]
THE GUARDIAN
Nigeria’s oil export suffers setback as Shell shuts Forcados terminal
NIGERIA’S crude oil export for November may have been slightly affected, as Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture declared force majeure on exports from Forcados Terminal, thereby shutting-in about 150,000 barrels per day.[Read More…]
CSCS launches SLB in capital market
THE Central Securities Clearing System (CSCS) Plc has launched Securities Lending and Borrowing (SLB) in the capital market to ease process of operators.[Read More…]
LEADERSHIP
Shell To Focus Future Investment In Nigeria On Gas – MD
Shell will focus its future investments in Nigeria on natural gas for domestic consumption and export, the managing director of the oil major’s joint venture in the country said yesterday.[Read More…]
REUTERS
Asia stocks to post tiny weekly gains; Hong Kong leads
Asian stocks firmed on Friday and appear set to end the week higher, although the outlook remained grim as investors continued dumping emerging market assets as their growth expectations faded. The dollar crept higher.[Read More…]
Job growth seen accelerating, leaving Fed closer to hike
U.S. employers likely added jobs at a brisk pace in September, a sign that the labor market is near full strength and could push the Federal Reserve to raise interest rates at one of its two remaining meetings this year.[Read More…]
BLOOMBERG
European Stocks Rise as Investors Bet U.S. Data Support Optimism
European stocks climbed as investors bet that U.S. jobs data will back up the Federal Reserve’s argument that the recovery of the world’s largest economy is intact.[Read More…]