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BUSINESS NEWS BRIEF – OCTOBER 13, 2015

13
Oct

THISDAY

CBN Adjusts Forex Peg to N196.98/$1
The Central Bank of Nigeria (CBN) strengthened its exchange rate peg slightly to N196.98 against the dollar on the interbank market on Monday, from N197 to a dollar it set last week, traders said.[Read More…]

Nigeria May Curtail Ghana Natural Gas Supply Over Debts
Nigeria may curb the supply of natural gas to Ghana because the country hasn’t paid more than a year of bills for the fuel, the West African Gas Pipeline Corporation said.[Read More…]

VANGUARD

OPEC forecasts oil price falls till 2017
Hope of seeing a rebound of oil price from its current low level may not materialise soon, as the Organisation of the Petroleum Exporting Countries, OPEC, has predicted that the price will not rise until 2017.[Read More…]

Fidelity Bank repositions to leverage emerging opportunities
Fidelity Bank Plc has assured stakeholders that the bank was well repositioned to leverage opportunities that would emerge from the new administration.[Read More…]

THE NATION

CBN’s restrictive forex policy stays, says Emefiele
The Central Bank of Nigeria (CBN) will continue to deny importers access to foreign exchange (forex) to bring in goods which can be produced locally, its Governor, Mr Godwin Emefiele, has said.[Read More…]

Importers, traders laud govt for lifting ban on rice
President Muhammadu Buhari has been praised for approving the recommendation of the Comptroller-General, Nigerian Customs Service (NCS), Col. Hameed Ali (rtd), to lift the ban on rice importation through land borders.[Read More…]

LEADERSHIP

CBN Bans Banks From Claiming Dormant Deposits
The Central Bank of Nigeria (CBN) has banned banks from converting funds from dormant and inactive accounts into income, even as it charged banks to get in contact with the next of kin of such account holders.[Read More…]

REUTERS

Asian shares slip from two-month high after oil plunges
Asian shares stepped back from two-month highs on Tuesday and commodity currencies retreated as a big fall in oil prices triggered profit-taking after a strong rally, though fading expectations of an imminent U.S. rate hike lent some support.[Read More…]

China to put growth before reform ambitions amid slowdown fear
Chinese leaders will signal that growth is their priority over reform for the world’s second-biggest economy by setting a growth target of around 7 percent in their next long-term plan even as the economy loses momentum, policy insiders say.[Read More…]

BLOOMBERG

Global Stocks Slide With Metals After Weak Chinese Imports Data
Stocks retreated with metals after a bigger-than-estimated drop in China’s imports underscored how weakness in the world’s second-largest economy is being transmitted to its trading partners. Anheuser-Busch InBev SA advanced after announcing an agreement to buy SABMiller Plc.[Read More…]

fake richard mille
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