DAILY SUN
Nigerians to pay more for power, taxes
Nigerian households and businesses should be prepared to pay more for electricity and other services as the Federal Government has hinted that it was working with an international consulting firm to widen tax base and raise its revenue particularly from the non-oil sectors of the economy.[Read More…]
GUARDIAN
Shell lifts force majure on Bonny Light exports
THE Shell Petroleum Development Company of Nigeria Limited (SPDC) has lifted the force majure on its Bonny Light grade, thereby recovering about 320,000 barrels per day (bpd) of the nation’s oil exports.[Read More…]
Nigeria, Brazil to partner on rice production, construction
THE governments of Nigeria and Brazil have reached an accord to begin rice production in Nigeria as part of efforts to boost food production and agriculture.[Read More…]
LEADERSHIP
NNPC Sets $1bn Baseline Capacity Condition For OPA Offer
The Nigerian National Petroleum Corporation (NNPC) has set stringent conditions which includes that a company must have a minimum of $1 billion turnover to qualify for the new Offshore Processing Agreement (OPA) contract.[Read More…]
DMO Sells N120bn Worth Of Bonds, As Reserves Decline
Nigeria issued N120 billion worth of naira-denominated bonds maturing in 2020 and 2024 at an auction on Wednesday, at lower yields than the returns at its previous auction, even as the external reserves of the country drop by 0.86 per cent within the first 12 days of October.[Read More…]
THE NATION
LCCI: three million jobs yearly possible with SMEs
The Federal Government’s promise of creating three million jobs yearly is achievable, Lagos Chambers of Commerce and Industry (LCCI) Director General Mr. Muda Yusuf has said. It can be achieved with the aid of Small and Medium Enterprises (SMEs) and the real sector, he said.[Read More…]
REUTERS
Asian shares rise to two-month highs, dollar gains on US data
Asian shares held near a two-month high on Friday, catching some of Wall Street’s shine after upbeat U.S. price and jobless claims data eased some concerns about the strength of the U.S. economy.[Read More…]
BLOOMBERG
Europe Futures Gain Amid $4.1 Trillion Global Stock Rally on Fed
Asian stocks rose with European equity-index futures, extending a rally that’s added $4.1 trillion to global shares this month as a run of weaker-than-estimated economic reports from China, Europe and the U.S. scuttled bets on the Federal Reserve raising interest rates this year. The dollar pared a third straight weekly drop.[Read More…]
Fed Faces This Checklist of Hurdles for a December Rate Hike
Last week of the Bloomberg survey, economists expect not to raise interest rates a member is too Ojikezuki October 27 and 28 both days of the meeting of the US Federal Open Market Committee (FOMC) has risen to 54 people in 55 people. The hurdles that must be the US economy exceeds over the next two months in order to justify the rate hikes of December or wonder what.[Read More…]