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BUSINESS NEWS BRIEF – NOVEMBER 18, 2015

18
Nov

PUNCH

Dangote Flour shares plunge after Tiger Brands’ decision
The share price of Dangote Flour Mills Plc fell by 9.54 per cent to N2.41 on Tuesday, a day after Africa’s richest man, Aliko Dangote and three other directors quit the company’s Board.[Read More…] 

Mining industry set for resurgence
Nigeria’s solid minerals endowment though still unfamiliar to many, is not a newly discovered potential.[Read More…] 

THISDAY

Nigeria’s GDP Expands by 2.84%, Oil Output Rises to 2.17mb/d
The Nigerian economy grew by 2.84 per cent in the third quarter of the year (Q3 2015) compared with 2.35 per cent in the previous quarter, the National Bureau of Statistics (NBS) has said.[Read More…] 

President: Nigeria Cannot Sustain N1tn Spending on Food Imports
President Muhammadu Buhari on Monday in Birnin Kebbi, the capital of Kebbi State, decried the huge sums spent by the country importing food items that could be produced locally, stating that the N1 trillion importation bill was no longer sustainable.[Read More…]

THE NATION

Finance minister inaugurates Insurers’ Committee
Spokesperson for the National Insurance Commission, Rasaaq’ Salami in a statement made available to journalist yesterday said the event is scheduled to hold at Sheraton Hotel, Abuja.[Read More…]

GUARDIAN

Steel firm unveils $36 million investment in Nigeria
Strong Structural Steel, a new entrant in the nation’s steel industry, has stated that its $36 million investment in the country will raise the country’s construction standards while shoring up the nation’s foreign exchange earnings.[Read More…] 

Lafarge, NSE partner to promote best practices in construction industry
In furtherance of its commitment towards enhancing global best practices in the application of its products, Lafarge Africa Plc has partnered the Nigerian Society of Engineers (NSE) to build the capacity of stakeholders on best practices in the application of the product for construction.[Read More…]

LEADERSHIP

FMBN To Establish Nigeria Navy Mortgage Bank
The Managing Director/Chief Executive Officer of Federal Mortgage Bank of Nigeria (FMBN), Mr Gimba Yau Kumo has unveiled his determination to establish the Nigeria Navy Primary Mortgage Bank (PMB) for efficient processing of Naval National Housing Fund (NHF) loan application.[Read More…] 

REUTERS

Oil prices edge up on reports of falling inventories, but glut remains in place
Oil prices edged up on Wednesday following reports of falling stockpiles and rising refinery activity, but analysts said the market would remain under pressure for the rest of the year and into 2016.[Read More…] 

BLOOMBERG

Emerging Stocks Retreat With Currencies Before Fed Minutes
The biggest rally in emerging-market stocks in a month faded as commodity prices slid amid faltering Chinese demand and investors awaited the release of Federal Reserve minutes. The Korean won paced declines by developing-nation currencies.[Read More…]

fake richard mille
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