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BUSINESS NEWS BRIEF – OCTOBER 19, 2015

19
Oct

THISDAY

NDIC Identifies Poor Funding as Major Impediment to Growth of MSMEs
The Nigeria Deposit Insurance Corporation (NDIC) has said that inadequate funds have continued to hamper the operational efficiency of micro, small and medium enterprises (MSMES) in Nigeria.[Read More…]

Nigeria, Brazil bilateral trade hit $10.8bn
THE President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Chief Bassey Edem, has said that the volume of bilateral trade between Nige­ria and Brazil has hit $10.8 billion.[Read More…]

DAILY SUN

Economic slowdown not limited to Nigeria –Emefiele, CBN Gov
GOVERNOR of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been quite visible in the management of Nigeria’s financial and fiscal policies since the inception of the Muhammadu Buhari administration.[Read More…]

VANGUARD

IMF/World Bank to Nigeria, others: Adopt country-specific measures to address ailing economy
Nigerian delegation to this year’s IMF/World Bank     meetings held several meetings with World Bank/IMF Officials, colleagues from across the globe and institutional investors that picked interest in Nigeria.[Read More…] 

Economic slowdown: Insurers worry as income from premiums nosedives
Insurers are apprehensive that the industry will suffer significant drop in premium income this year owing to the slowdown in economic activities occasioned by the slide in crude oil prices and Naira depreciation.[Read More…]

GUARDIAN

Oil boom is over, adopt tax as alternative revenue, says FIRS
AS the nation continues to grapple with dwindling revenue due to the global downturn of crude oil prices, the Federal Inland Revenue Service (FIRS) yesterday said that Nigerians must realise that the days of oil boom are over.[Read More…]

LEADERSHIP

Ecobank Nigeria Secures $125m Facility From FMO, Afrexim Bank
Ecobank Nigeria has secured a $125 million financing from a Dutch financial institution and the African Export-Import Bank (Afrexim Bank) to increase its dollar liquidity and further deepen its trade finance lines.[Read More…]

REUTERS

China economy logs weakest growth since 2009
China’s economic growth dipped below 7 percent for the first time since the global financial crisis on Monday, hurt partly by cooling investment, raising pressure on Beijing to further cut interest rates and take other measures to stoke activity.[Read More…]

Iran deal closer to reality as U.S. prepares sanctions waivers
The United States approved conditional sanctions waivers for Iran on Sunday, though it cautioned they would not take effect until Tehran has curbed its nuclear program as required under a historic nuclear deal reached in Vienna on July 14.[Read More…]

BLOOMBERG

Asian Stocks Pare Drop, Won Climbs as China GDP Growth Slows
Asian stocks fell with U.S. equity-index futures and commodities, while Treasuries fluctuated after China reported the slowest economic growth since 2009.[Read More…]

 

fake richard mille
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