PUNCH
SMEs can’t access N520bn CBN fund – MAN
The Manufacturers Association of Nigeria has lamented the inability of Small and Medium-scale Enterprises in the South-East and South-South to access the N520bn provided by the Central Bank of Nigeria to boost small businesses in the country.[Read More…]
N33.8bn debt: Nigeria gives Ghana February ultimatum
Nigerian gas company, N-Gas, the main supplier of gas to Ghana’s Volta River Authority through the West African Gas Pipeline, has given the VRA up to the end of February 2016 to clear its outstanding debt of $171.5m (N33.79bn).[Read More…]
THISDAY
Shale Oil: Petroleum Explorationists Beam Searchlight on Survival Strategies
Worried by the unprecedented impact of the Shale oil revolution on the global energy landscape, economies and geopolitics, petroleum geologists and geophysicists under the aegis of the Nigerian Association of Petroleum Explorationists (NAPE), are set to beam their searchlight on survival strategies to petroleum exploration and exploitation in a challenging environment.[Read More…]
DAILY SUN
N600bn liquidity may hit banks in 2 weeks
There are expectations that liquidity of about N600 billion may hit the banking system within the next two weeks.[Read More…]
GUARDIAN
Private sector to drive Nigeria’s $10b broadband investment target
THE private sector is expected to drive the projected $10 billion investment target needed to grow the country’s broadband sub-sector of the economy in the next five years, the Nigerian Communications Commission (NCC) has said.[Read More…]
VANGUARD
NEITI, stakeholders condemn pioneer status
ABUJA – The Nigerian Extractive Industries Transparency Initiative, NEITI, and other experts in the oil and gas sector have called on the Federal Government to desist from issuing pioneer status, PS, to companies in the oil and gas industry. Pioneer Status is a tax holiday incentive, designed by the federal government and backed by the law granted to targeted industries, products and services, designated as priority areas and growth drivers of the economy.[Read More…]
THE NATION
Nigeria’s cassava export poor, says AfDB
Despite producing 50 per cent of the world’s cassava, Nigeria exports less than one per cent of its produce, the African Development Bank (AfDB) has said.[Read More…]
REUTERS
Oil prices nudge up on short-covering; glut, economy concerns persist
Oil prices rebounded on Tuesday as traders covered short positions after prices fell at least 3 percent in the previous session, but gains were capped by worries about oversupply and the health of the global economy.[Read More…]
BLOOMBERG
OPEC Brings Oil Price War Home in Pursuit of Asia’s Cash
When it comes to deciding how much to charge Asian oil buyers, OPEC members are showing little regard for tradition.[Read More…]
Emerging-Market Assets Slump on China, Fed Woes; Loonie Weakens
Emerging-market stocks fell and Malaysia’s ringgit led Asian currencies lower as signs of slower growth in China and Europe and the prospect of higher rates in the U.S. damped enthusiasm for developing-economy assets. The Canadian dollar headed for its longest losing streak in three weeks as the country voted in a new government.[Read More…]