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BUSINESS NEWS BRIEF – NOVEMBER 02, 2015

Home   /   NSE-Stats 24/09/2014   /   BUSINESS NEWS BRIEF – NOVEMBER 02, 2015
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November 2, 2015
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in NSE-Stats 24/09/2014

 

PUNCH

CBN adjusts exchange rate peg again
The Central Bank of Nigeria weakened its exchange rate peg to N197 against the dollar on the interbank market on Friday, down from N196.97, Reuters reported quoting foreign exchange dealers.[Read More…]

Stanbic, First Bank, UBA shed N90.6bn after sanctions
Stanbic IBTC Holdings Plc, FBN Holdings Plc and United Bank of Africa Plc lost a total of N90.647bn of their market capitalisation last week after news emerged on Monday that they had been sanctioned by the regulators of the financial market.[Read More…]

THISDAY

NNPC’s Proceeds from Sale of Petroleum Products Drop by N5.53bn in Sept.
The Nigerian National Petroleum Corporation (NNPC) at the weekend announced a drop in its proceeds from the sale of downstream petroleum products by N5.53 billion for the month of September, 2015.[Read More…]

CBN Lists Benefits of IFRS
The Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Dr. Sarah Alade, has highlighted the benefits of adopting the International Financial Reporting Standards (IFRS) to the banking sector as well as the economy.[Read More…]

DAILY SUN

N1.4trn NCC fine: MTN pleads to stagger payment
MOBILE Telecommunica­tion Network (MTN) has fi­nally agreed to pay the $5.2 billion (N1.4 trillion) fine slammed on it by pleading with Nigerian Communica­tions Commission (NCC) to stagger the payment.[Read More…]

World Bank grant: C’River, farmers bicker over $26.34m
FARMERS in Cross River State are at log­gerheads with the state government over delay in the release of the 26.34 million US dollars World Bank grant.[Read More…]

GUARDIAN

NERC approves new rules to generate 2,000mw from renewable sources
THE Nigerian Electricity Regulatory Commission (NERC) has approved a new regulation, which hopes to stimulate investment in renewable energy sources and generate at least 2000mw by the year 2020.[Read More…]

VANGUARD

Nigeria, Paris Club deal in significant reversal, as debt grows 200%
As the presidency gets ready to emplace the federal cabinet to face the daunting economic challenges figures from the Debt Management Office, DMO, of the federation has indicated a massive reversal of debt relief obtained nine years ago.[Read More…] 

LEADERSHIP

NNPC Bids’ Process Reassures Investors
The much yearned after transparency and accountability in the management of Nigeria’s crude by the Nigerian National Petroleum Corporation (NNPC) is finally becoming a reality going by how contracts are now publicly and competitively handled.[Read More…]

REUTERS

Asian shares slide as soft China surveys, U.S. data sap risk appetite
Asian stocks slid to their lowest level in nearly three weeks on Monday, as profit taking set in after soft Chinese factory surveys and U.S. consumer spending data raised concerns over the global economic outlook.[Read More…]

fake richard mille
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