THISDAY
Central Bank Says No Plan to Restrict Dollar Supply
Deputy Governor of the Central Bank of Nigeria (CBN) Dr. Sarah Alade has denied a news report that the CBN plans to restrict dollar supplies to the interbank foreign exchange market.[Read More…]
South Africa’s Tiger Brands Rethinks Expansion after Nigeria Hit
South Africa’s Tiger Brands took a $120 million hit on Thursday as it wrote off the full value of its loss-making Nigeria unit, prompting a rethink of its sub-Saharan Africa expansion strategy.[Read More…]
GUARDIAN
Airtel’s $170m loss in Africa triggers downsizing in Nigeria
THE aftermath of losing about $170 million in it Africaís operations may have triggered the sack of some staff of Airtel telecommunications firm in Nigeria in a bid to manage cost.[Read More…]
Ikeja Disco earns N2.2b monthly from two business units
Monthly revenue generation by the Ikeja Electricity Distribution Company from Oshodi and Ikeja business units has increased from N6.5 million it earned during the pre-privatisation period to N2.2 billion.[Read More…]
THE NATION
Wema Bank secures national banking licence
Wema Bank Plc has been granted a national banking licence by the Central Bank of Nigeria (CBN) to enable the lender deepen its business reach across the country.[Read More…]
DAILY SUN
Dismantle regime of subsidy incentive –Soludo urges FG
Former Governor of the Central Bank of Nigerian, (CBN) Prof Chukwuma Soludo yesterday urged the President Mohammadu Buhari- led administration to dismantle all forms of subsidy in the oil and gas sector to allow for the implementation of free market enterprise.[Read More…]
FG saved N670bn from contract inflation in 8yrs
The Federal Government, through the Bureau of Public Procurement (BPP), has saved over N670 billion from contract inflation since the enactment of the Public Procurement Act in 2007.[Read More…]
VANGUARD
NAFDAC’s strides in agric export trade
IN its bid to accord Nigeria a prideful place in the international non-oil export trade, the National Agency for Food, Drug Administration and Control, NAFDAC, has unfolded series of agricultural exports redemption packages in an attempt to shore up the nation’s reputation in global non-oil export markets.[Read More…]
BLOOMBERG
Offshore Yuan Gains After PBOC Measures Make Shorting Costlier
The yuan rose for a second day in Hong Kong after China’s central bank was said to have tightened controls on the flow of capital to offshore lenders, a move that’s made it more expensive to bet on depreciation.[Read More…]
Indian Bonds Decline as Wage Rise Seen Threatening Deficit Plan
Indian sovereign bonds headed for the biggest weekly decline this month as a proposed wage increase for federal employees raised concern the government may miss its fiscal-deficit target.[Read More…]