PUNCH
Oil glut, others threaten Nigeria’s 2016 production target
The growing supply glut in the global oil market is a threat to Nigeria’s projected production target for next year, industry experts have said.[Read More…]
DAILY SUN
NBS adopts Stanbic IBTC PMI as FG’s official index
THE National Bureau of Statistics (NBS) has officially adopted the Stanbic IBTC Purchasing Managers Index (PMI) as the Nigerian government’s private sector-based index for the country.[Read More…]
FG pays N407bn subsidy claims to oil marketers
AS part of moves to end fuel scarcity soon, the Federal Government yesterday paid the sum of N407,076,805,386.30 subsidy claims for oil marketers.[Read More…]
VANGUARD
2016 Budget: ‘N6trn proposal achievable with prudent management, transparency’
A don, Prof. Sarah Anyanwu, says the Federal Government’s N6 trillion budget proposal for 2016 is achievable with prudent management of funds and transparency in implementation process. Anyanwu, the Head of Economics Department, University of Abuja, told the News Agency of Nigeria (NAN) in Abuja that the budget was realistic.[Read More…]
LEADERSHIP
Stakeholders Warn CBN Over Widening Gap At Official, Parallel Markets
Stakeholders in the Nigerian foreign exchange market have expressed worry over the widening gap in the foreign exchange rates between the parallel and the interbank markets as this would have a negative implication for the economy.[Read More…]
Refineries Yet To Come On Stream As Deadline Approaches
As the 90-day fast-track ultimatum given to bring back to shape the nation’s four refineries with combined capacity of 445,000 barrels per day approaches investigations revealed that none of them has commenced operations.[Read More…]
TRIBUNE
Senators back fuel subsidy removal, consider MTEF
SENATORS, on Wednesday, called for the removal of oil subsidy in order to save the country huge sum of money paid to subsidize the product.[Read More…]
REUTERS
As Fed tightening looms, big share repurchasers could be pressured
For the last several years, big U.S. companies have lived by an unswerving rule: buy back shares to increase returns to shareholders.[Read More…]
BLOOMBERG
Zuma Takes South Africa Economy to Brink as Credit Risks Rise
South African President Jacob Zuma took the economy closer to the brink of a junk credit rating after firing his finance minister in a move investors say may undermine fiscal credibility.[Read More…]
GM Pays Ignition Victims Less Than $600 Million in Settlements
General Motors Co. paid less than $600 million to settle claims by victims of its flawed ignition switches, a slightly smaller sum than what the automaker told investors it expected to pay, after a 20-month-long compensation process led by Kenneth Feinberg.[Read More…]