PUNCH
Barclays may expel Nigeria from global bond index
Barclays will consult with its index users on whether Nigeria’s sovereign debt should remain in its emerging market local currency government bond benchmark, the United Kingdom-based bank has said.[Read More…]
Market development: PenCom assures NSE of support
The National Pension Commission has said it is ready to strengthen its relationship with the Nigerian Stock Exchange to ensure the development of the capital market.[Read More…]
Banks charge customers for domiciliary account withdrawals
Several bank customers are now incurring charges for withdrawing cash from their domiciliary accounts, it has been learnt.[Read More…]
THISDAY
Banks Advised on Strategies, Product Development
Banking industry operators have been advised to develop products and strategies that will make them self-sufficient and capable of standing alone without depending on government funds.[Read More…]
CAC to Rescue Ailing Companies
A neo-regulation strategy is currently sweeping across the global business geography.[Read More…]
High Exchange Rate Grounds Air Cargo Business
The high exchange rate of the naira to other currencies has grounded air cargo business in Nigeria as checks by THISDAY revealed that clearing agents and aviation handling companies last experienced peak in their business at the Murtala Muhammed International Airport, Lagos, which is the hub of air cargo services in Nigeria, in December last year.[Read More…]
GUARDIAN
Lafarge Africa begins N200 million road reconstruction in Ogun State
AS part of its Corporate Social Responsibility (CSR), the Lafarge Africa Plc. has committed N200 million to the rehabilitation of the three-kilometre Agbesi-Itori road in Ewekoro local government area of Ogun State.[Read More…]
REUTERS
IMF told that amid ‘new mediocre’ no room for mistakes by central banks
Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund’s meeting.[Read More…]
Fed awaiting evidence global chill not knocking U.S. off track
The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course.[Read More…
BLOOMBERG
Asia Stocks Extend $2.5 Trillion Global Rebound as Rupiah Soars
Asian stocks rose, extending a global equity rally, and Indonesia’s rupiah was headed for its best week since 2001 as investors piled back into riskier assets amid speculation the Federal Reserve won’t be raising interest rates until risks from outside the U.S. subside.[Read More…]