PUNCH
Bank of Industry disburses N4.7bn to SMEs
The Managing Director, Bank of Industry, Mr. Rasheed Olaoluwa, says the bank has so far disbursed a total of N4.7bn loan to the Small and Medium Enterprises sector in the past 11 months.[Read More…]
TrustFund MFB rated best in agric lending
TrustFund Microfinance Bank has won the 2015 edition of the Best Agric Bank of the Year Award.
The bank in a statement said the award was a recognition of its outstanding role in providing unique financial services to smallholder farmers in Edo State.[Read More…]
THISDAY
Ikeja Electric to Complete Installation of 300,000 Smart Meters in 2016
The Chief Executive Officer of Ikeja Electric, Mr. Abiodun Ajifowobaje has said that the company would complete the ongoing installation of prepaid meters for 300,000 customers in 2016, under the first phase of the company’s metering programme.[Read More…]
2016 Budget: FG Proposes N6 Trillion Budget
The Federal Executive Council (FEC) on Monday passed the Medium Term Expenditures Framework (MTEF) wherein it proposed a total of N6 trillion budget for 2016.[Read More…]
DAILY SUN
Reactions trail NCC’s new fine against MTN
Stakeholders in the Information and Communication Technology (ICT) sector, have blamed the Nigerian Communications Commission (NCC) for errors it committed while computing the new fine slammed on MTN Nigeria over its infractions recently.[Read More…]
LEADERSHIP
Nigeria Loses $1.3b Yearly To Dairy Importation – Ogbeh
The minister of Agriculture and Rural Development, Chief Audu Ogbeh has lamented that Nigeria loses over $1.3 billion annually to importation of dairy products.[Read More…]
THE NATION
‘Infrastructure Bank to accelerate economic growth’
The Infrastructure Bank Plc has expressed its commitment to deepen the funding of key facilities that will promote growth and development of the economy.[Read More…]
REUTERS
Oil prices edge up from near seven-year lows as China oil imports surprise
Crude prices edged away from nearly 7-year lows on Tuesday as China reported strong commodity imports despite economic weakness, but overall the market remained under pressure due to global oversupply compounded by OPEC’s decision to keep output high.[Read More…]
BLOOMBERG
China Importing Less Cotton Is Bad News for Prices, Council Says
China, the world’s largest cotton user, will import less fiber this year and that will be bearish for global prices, according to the International Cotton Advisory Committee.[Read More…]
China Imports More Iron as Steel Exports Top 100 Million Tons
China’s steel exports topped 100 million metric tons as surging iron ore imports increased amid a shuttering of high-cost domestic output.[Read More…]
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