PUNCH
Firm to build refineries in Lagos, Ondo
Ode-Aye Refinery Limited has concluded plans to establish Greenfield and modular refineries in the country in the next 18 months.[Read More…]
Nigeria can raise funds to finance budget – DMO
The Debt Management Office has reassured Nigerians that the country is in a strong position to raise funds from the bond market to finance any deficit from the 2016 budget if it is so required.[Read More…]
DAILY SUN
SON to jail fake products importers, dealers
With effect from 2016, the Federal Government has warned it will prosecute and jail importers and dealers in fake products in the country in addition to their forfeiture of the goods.[Read More…]
FG recovers N706bn from agents, banks
The Federal Government yesterday declared it recovered the sum of N706 billion from revenue-collecting agencies and remittance banks over five years period.[Read More…]
VANGUARD
NNPC posts N241bn loss in 10 months
ABUJA—The Nigerian National Petroleum Corporation, NNPC, yesterday announced a loss of N240.987 billion in its operations for 10 months, between January and October 2015.[Read More…]
GUARDIAN
Nigeria demands permanent seat as UN marks 70th anniversary
The Federal Government of Nigeria has asked for a permanent seat slot in the United Nations Security Council, as the global body celebrated 70th anniversary of its existence yesterday.[Read More…]
LEADERSHIP
FG Pledges 100% Digital TV Penetration By 2017
The federal government has pledged to meet the June 2017 deadline for the digital switch over (DSO) from analogue to digital migration which is being championed by the National Broadcasting Commission (NBC) as well as 100 per cent penetration of digital channels on television sets by 2017.[Read More…]
Subsidy: Petroleum Ministry Report Fresh N108bn Debts To Marketers
A fresh N108 billion covering three months fuel subsidy claims to oil marketers is not contained in the 2015 supplementary budget before the National Assembly, the Ministry of Petroleum Resources disclosed yesterday.[Read More…]
BLOOMBERG
Asian Central Banks Welcome Yuan’s IMF Reserve-Basket Inclusion
Policy makers in Asia welcomed the Chinese yuan’s inclusion in the International Monetary Fund’s basket of reserve currencies, with South Korea expecting to boost holdings of the currency and Hong Kong pledging to increase support for yuan trading.[Read More…]
Dollar Falls for First Time in 5 Days as Fed Rate-Hike Priced In
A measure of the dollar fell for the first time in five days as investors said much of the impact from an expected Federal Reserve interest-rate increase this month has been priced in.[Read More…]