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BUSINESS NEWS BRIEF- OCTOBER 21, 2015

21
Oct

PUNCH

Nigeria attracted most FDI capital among peers – EY
Nigeria has attracted the most Foreign Direct Investment capital in sub-Saharan Africa since 2007, making it one of the star performers in a period the FDI flows into the region have been fairly robust, according to a new report by EY.[Read More…]

Power firms seek 21% rise in commercial tariff
After proposing an average increase of 49.4 per cent in electricity tariffs for residential customers last week, power distribution companies in the country are now seeking a hike in the tariffs payable by commercial consumers by 21 per cent on the average.[Read More…]

THISDAY

Ghana Agrees to Pay Nigeria $170m Gas Debt by February
The Ghanaian government has agreed to pay Nigeria a $170 million gas debt by February 2016 in a bid to avert a recent threat by a consortium of Nigerian companies to cut gas supply to Ghana over unpaid gas bill.[Read More…]

Banks Urged to Focus on Strategies to Combat e-Fraud
Beyond developing attractive electronic financial products for their clients, commercial banks have been advised to devise methods of ensuring the highest possible security and protection from attacks on their e-banking platforms.[Read More…]

GUARDIAN

Nigeria, Israel seal pact on technology transfer for industrial firms
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has commenced a collaboration with Israeli businessmen as part of measures to boost bilateral ties and also aid activities in the nation’s non-oil sector.[Read More…]

Forum blames high cost of shipping on low export volume
STAKEHOLDERS in the maritime sector have blamed high cost of shipping in African countries on low export volume within the continent.[Read More…]

THE NATION

Capital market firms fret over post-recapitalisation audit
Some capital market firms have started preliminary internal audit, re-evaluation of assets and documentations ahead of the Securities and Exchange Commission’s (SEC’s) comprehensive post-recapitalisation audit of the market.[Read More…]

REUTERS

U.S. oil output slide looms as shale firms hit productivity wall
Stagnating rig productivity shows U.S. shale oil producers are running out of tricks to pump more with less in the face of crashing prices and points to a slide in output that should help rebalance global markets.[Read More…]

Asia shares lag behind Nikkei, euro firm for ECB
Asian shares turned mixed on Wednesday as soft export data kept investors cautious ahead of the European Central Bank’s policy meeting later in the week, though Japan’s market was having a go at setting a new peak for the month.[Read More…]

BLOOMBERG

Asian Stocks Follow U.S. Equities Lower as Drugmakers Retreat
Asian stocks fell after U.S. shares declined amid mixed company earnings. Drugmakers and finance shares led losses on the regional benchmark gauge.[Read More…]

fake richard mille
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