PUNCH
Foreign airlines’ N597bn ticket proceeds stuck in CBN
Foreign airlines in Nigeria are unable to access foreign exchange from the Central Bank of Nigeria to repatriate their ticket sales proceeds to their home bases.[Read More…]
AMCON’ll settle N3.8tn debt by 2023 – CEO
The new Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr. Ahmed Kuru, says the corporation owes about N3.8tn out of the N5.6tn bonds it issued in 2013, which must be paid by 2023.[Read More…]
GUARDIAN
Roadmap on solid minerals investment out next year, says Fayemi
MINISTER of Solid Minerals, Dr. Kayode Fayemi yesterday said that the ministry would in the first quarter of next year, come up with a roadmap that would guide local and foreign investors in the mining sector.[Read More…]
BoI rated among top performing African DFIs
Rewards customers, staffers on impact delivery Development Finance Institutions’ (AADFI), the Bank of Industry (BoI) has been rated among top seven performing development finance institutions under the Association’s Prudential Standards, Guidelines and Rating System (PSGRS).[Read More…]
VANGUARD
Remove oil subsidy now, World Bank tells Buhari
Against the backdrop of the current fuel crisis across the country showing no sign of abating, the World Bank, yesterday, told President Muhammadu Buhari that the time to remove petroleum subsidy is now.[Read More…]
THE NATION
Telecoms sector investments to hit $166b, says Shittu
The Minister of Communications Technology, Mr Adebayo Shittu yesterday in Abuja said investment in the mobile telecoms industry would hit $166billion and create over 6.1 million jobs by year 2020.[Read More…]
Fed Govt plans 2,000mw in 15 months, says Fashola
The Federal Government plans to generate 2,000 megawatts within the next 15 months to boost electricity supply, it was announced yesterday.[Read More…]
REUTERS
Asian stocks slip as commodity rout feeds demand fears
Asian stocks slipped on Wednesday as crumbling commodity prices and data pointing to cooling demand from China sapped investor appetite for risk assets.[Read More…]
BLOOMBERG
China Needs $389 Billion a Year for Climate Pledge, Study Says
China needs to invest an average of about 2.5 trillion yuan ($389 billion) a year to achieve its goal of peak carbon emissions by 2030, a study found.[Read More…]
China Bond Yields Seen Testing New Lows as Growth Still Subdued
China’s government bond yields will test new lows as the economy still shows few signs of recovery after the central bank’s spate of monetary-easing measures, according to Guotai Junan Securities Co.[Read More…]
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