THISDAY
TSA Transfers: Central Bank Recovers N8.6bn from Owner of Remita, SystemSpecs
The Central Bank of Nigeria has recovered N8.6 billion deducted by a Lagos-based software firm, SystemSpecs, which provided the e-Payment/e-Collection solution used for the transfer of government funds from commercial banks to the treasury single account (TSA) domiciled with it, THISDAY investigations have revealed.[Read More…]
NAFDAC Fines Guinness N1bn, FRC Replies CBN
For the third time in less than a month another multinational operating in the country has been fined by a regulator over alleged infractions, signposting an era of a no-nonsense posture by regulatory agencies under the Muhammadu Buhari administration.[Read More…]
DAILY SUN
Guinness reassures consumers on quality of products
IN a reaction to an earlier report that its company was fined N1 billion over expired raw materials, Managing Director of Guinness Nigeria PLC, Mr. Peter Ndegwa has said all products from Guinness Nigeria conform to the highest standards of quality, having not only been produced in line with the globally accepted code of good manufacturing practice (GMP) but also been repeatedly so-certified by the National Agency for Food and Drugs Administration and Control (NAFDAC) and the Standards Organization of Nigeria (SON).[Read More…]
LEADERSHIP
FG Raises N70bn In Bonds At Lower Yields – DMO
The federal government issued N70 billion ($350 million) worth of naira-denominated bonds maturing in 2020 and 2024 at an auction on Wednesday, at lower yields than the returns at its previous auction, the Debt Management Office said yesterday.[Read More…]
Nigeria Attracts 760bn Private Sector Investment In 2 Years
Immediate past permanent secretary to the Ministry of Agriculture and Rural Development, Architect Sonny Echono has said Nigeria attracted over N760 billion private sector commitments in the agri business in two years.[Read More…]
THE NATION
Bol, AfDB partner to support export business
The Bank of Industry (Bol) is partnering the African Development Bank (AfDB) to assist businesses engaged in export trade.[Read More…]
REUTERS
U.S. oil falls to over two-month low on swelling inventories
U.S. crude futures extended their losses into a third session and hit a more than two-month low on Friday, dragged down by a relentless climb in oil stockpiles that has triggered a 10 percent drop in prices since the start of November.[Read More…]
Nikkei slips amid risk-off trade, gains ground for the week
Nov 13 Japanese stocks slipped on Friday, snapping a seven-day winning streak as investors shunned risk and cashed in on recent gains after a sharp drop on Wall Street and weaker commodities prices.[Read More…]
BLOOMBERG
Asian Stocks Join Selloff on Commodity Slump With Oil Below $42
As a rout in commodities deepened in Asia, stocks in the region slumped with mining and energy companies dragging Australia’s benchmark to a seven-week low and Chinese shares dropping on slowing credit growth.[Read More…]
Fed Officials Stress Gradual Rate-Rise Pace After Liftoff
Federal Reserve officials stressed that policy should be tightened gradually after interest rates are increased for the first time since 2006, in an attempt to shift investors’ focus as New York Fed President William C. Dudley said the conditions for liftoff “could soon be satisfied.”[Read More…]