PUNCH
TSA: First Bank pays N1.877bn fine to CBN
FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, on Thursday confirmed to the Securities and Exchange Commission that it had paid the sum of N1.877bn as fine to the Central Bank of Nigeria for violating the Federal Government’s Treasury Single Account policy.[Read More…]
THISDAY
MTN gets Nov. 16 deadline to pay N1.04tn fine
Nigerian Communications Commission has given a November 16 deadline for MTN Nigeria to pay a N1.04tn ($5.2bn) fine for failing to disconnect unregistered SIM cards.[Read More…]
THE NATION
India offers N2.25tr credit to Nigeria, 53 African nations
INDIA’S Prime Minister Narendra Modi yesterday said his country would give N2.25 trillion ($10 billion) concessional lines of credit to Nigeria and 53 African nations in five years to boost their economy.[Read More…]
Dwindling revenue: CBN, fiscal authorities restrategise for economic stability
Faced with persistent fall in crude oil prices, Nigeria’s main foreign exchange earner, the Central Bank of Nigeria , CBN, and the fiscal authorities are now meeting to restrategise on how to stave the nation’s economy away from a looming recession.[Read More…]
LEADERSHIP
Why FG Is Opposed To Naira Devaluation – Osinbajo
Devaluation of the Naira is not an appropriate option in the current economic realities in the country, and offers no solutions as far as the Buhari administration is concerned, vice president, Prof Yemi Osinbajo, said yesterday.[Read More…]
Oando Energy Grows Revenue By $355.2m In 9 Months
Oando Energy Resources (OER) a company focused on oil and gas exploration and production in Nigeria has released its financial and operating results for the three and nine months ended September 30, 2015.[Read More…]
DAILY TIMES
How Nigeria, Africa Can Benefit From Partnerships, By Buhari
President Muhammadu Buhari declared on Thursday in New Delhi, India, that Nigeria and other African countries must work harder to achieve greater political stability and security before they can enjoy the full benefits of partnership arrangements such as the India-Africa Forum.[Read More…]
REUTERS
Asian shares edge up, Nikkei gyrates as BOJ holds steady
Asian shares edged up on Friday, on track for their biggest monthly rise since January 2012 but headed for weekly losses as investors fretted about the possibility United States interest rates could still rise this year.[Read More…]
China to allow all couples two children to counter aging population
China will ease family planning restrictions to allow all couples to have two children after decades of a strict one-child policy, the ruling Communist Party said on Thursday, a move aimed at alleviating demographic strains on the economy.[Read More…]
BLOOMBERG
Goldman Says Dollar May Rise to Parity With Euro by Year End
Goldman Sachs Group Inc. sees its long-standing call for the dollar to reach parity with the euro coming true as soon as December as the Federal Reserve and European Central Bank move toward divergent monetary-policy actions.[Read More…]