PUNCH
CBN plans soft loans for one million graduates
The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday announced that a low-interest loan scheme for one million young graduates would commence next year.[Read More…]
Naira slides to 257 against dollar
The naira fell to 257 against the dollar at the parallel market on Thursday. The local currency had traded against the greenback at between 251 and 252 on Wednesday.[Read More…]
DAILY SUN
MSMEs: CBN plans 1m jobs in 2016
The Central Bank of Nigeria (CBN) Thursday, said it is planning to create employment for at least one million young graduates in 2016.[Read More…]
THISDAY
Nigeria’s First Phone Insurance Service Launched
Pointek, one of Nigeria’s leading Information Technology companies, known for providing mobile devices and other electronic products has launched Nigeria’s first full phone insurance service.[Read More…]
VANGUARD
Power: Lagos adds 220MW, inaugurates advisory c’ttee
Lagos—At least 220 megawatts of electricity would be added to the existing 1, 000 megawatts being supplied to Lagos as part of measures to boost power supply in the state.[Read More…]
LEADERSHIP
Cash Reserve: CBN Threatens To Increase CCR If Banks Will Not Increase Lending
The Central Bank of Nigeria(CBN) has said that it would increase the Cash Reserve Requirement (CRR) if banks did not begin to increase lending to young graduates in Nigeria next year, even as it said it plans to unveil a new intervention fund targeted at young unemployed graduates.[Read More…]
REUTERS
Asia stocks head for weekly loss, China yuan hits four-and-a-half-year low
Asian shares were set for sizable weekly losses, with equities faltering again on Friday as plunging crude oil prices and a tumble in China’s yuan to almost 4-1/2-year lows added to worries about receding global growth.[Read More…]
Crude oil holds at seven-year lows as global glut persists
Crude oil prices remained at levels not seen since early 2009 on Friday as output in the Middle East continued to rise despite an already huge global glut, with analysts saying the price outlook for the rest of the year and into 2016 remained weak.[Read More…]
BLOOMBERG
Indian Bonds, Rupee Fall as Oil’s Drop Spurs Outflows Before Fed
Indian bonds and the rupee fell this week as a combination of a pending U.S. interest-rate increase and slumping oil curbed risk appetite, prompting investors to offload local assets.[Read More…]
BHG Retail Rises in Debut After Biggest 2015 Singapore IPO
BHG Retail REIT, backed by five retail properties in China, rose in its Singapore trading debut after completing the city-state’s biggest initial public offering this year.[Read More…]