PUNCH
Nigeria lost N1.7tn to crashes in 2014 – FRSC
the Federal Road Safety Commission, Standard Organisation of Nigeria and other relevant agencies have concluded plans to reduce accidents on the roads beginning from April 2016.[Read More…]
THISDAY
NASD OTC Targets 300 Unlisted Securities to Trade in OTC Market
The NASD Plc, the operators of the over-the-counter (OTC) capital market for unlisted public companies, is eying 300 public limited companies to be trading on the platform.[Read More…]
Concerns as Naira Slides Further
The naira continued its downswing on the parallel market segment of the foreign exchange market last week as it traded between N257 and N259 to a dollar in some areas in Lagos, from N252 to a dollar the preceding week. This is just as scarcity of the greenback persisted.[Read More…]
GUARDIAN
Law Union & Rock gets BBB+ rating
GLOBAL Credit Ratings has affirmed the national scale claims paying ability rating assigned to Law Union and Rock Insurance Plc of BBB+(NG); with the outlook accorded as positive. The rating is valid until October 2016.[Read More…]
LEADERSHIP
New Electricity Tariff Ready This Week – NERC
The Nigerian Electricity Regulatory Commission (NERC) has said that the new electricity tariff would be announced this week.[Read More…]
NCC Cautions Nigerians Against Use Of Substandard, Counterfeit Handsets
The Nigerian Communications Commission (NCC) has cautioned Nigerians against the use of substandard and counterfeit handsets, saying it has been identified as one of the reasons for poor quality of service in the telecommunication industry.[Read More…]
THE NATION
Foreign investors bid for stakes in May & Baker
Some foreign investors and the directors of May & Baker Nigeria Plc have started preliminary talks on the possible acquisition of strategic equity stake and technical partnership in May & Baker Nigeria as the Nigerian healthcare company seeks to leverage on its World Health Organisation (WHO)-certified pharmaceutical manufacturing complex to attain local dominance and attract global drug contracts.[Read More…]
REUTERS
Asia stocks drop as oil rout deepens, yuan extends slide
Asian stocks fell on Monday and China’s yuan hit fresh 4-1/2 year lows as plunging oil prices added to investors’ nervousness about riskier assets ahead of an expected U.S. rate rise later in the week.[Read More…]
BLOOMBERG
Rupiah Leads Losses in Asia as Indonesian Bonds Drop Before Fed
Indonesia’s rupiah fell to a two-month low and government bonds dropped on concern a slump in commodity prices and a potential increase in U.S. interest rates will curb demand for the nation’s assets.[Read More…]
Angola Stock Market Expected to Start in January, Lawyer Says
Angola’s stock market is expected to start operating in January and will trade mostly public and corporate debt, Djamila Pinto de Andrade, a lawyer whose office is working with the Bolsa de Divida e Valores de Angola, also known as Bodiva, said.[Read More…]