THISDAY
Withdrawal of Fuel Subsidy Begins in 2016
Pleading acute shortage of funds, the federal government Monday said it would begin a gradual withdrawal of fuel subsidy next year.[Read More…]
FG’s Agencies Unable to Trace Solid Minerals Revenues, Says NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that the relevant government agencies responsible for the management of Nigeria’s solid minerals sector have not been able to trace the whereabouts of billions of naira revenue that should accrue to the government from the sector.[Read More…]
VANGUARD
Oil price slump: Nigeria’s economic outlook remains difficult – World Bank
THE World Bank has projected that Nigeria’s economic outlook would remain difficult in the short run due to the persistent low price of crude oil in the international market.[Read More…]
Buhari passionate about completion of Ajaokuta Steel — Fayemi
LOKOJA—Minister of Solid Minerals, Dr. Kayode Fayemi, has said that President Muhammadu Buhari is very passionate about the completion and effective operation of the Ajaokuta Steel Company, located in Kogi state.[Read More…]
LEADERSHIP
Nigeria Loses 3% GDP Annually To Road Accidents – FRSC
Corps Marshal of the Federal Road Safety Commission (FRSC), Mr. Boboye Oyeyemi, has stated that over three per cent of the nation’s Gross Domestic Product (GDP) was lost annually to road traffic accidents.[Read More…]
CBN’s Polices Giving Hawkers Upper Hand In Forex Market – Gwadabe
Following the latest guidelines for the operations of the Bureaux de Change (BDC) in the country, the Association of Bureau de Change Operators of Nigeria (ABCON) has said that the policies of the Central Bank of Nigeria (CBN) is giving street hawkers an upper hand in the foreign exchange (FOREX) market.[Read More…]
THE NATION
Petrol may sell for N97
Nigerians to prepare for some tough decisions next year.[Read More…]
Court dismisses Stanbic IBTC, KPMG’s suits against FRC
The Federal High Court in Lagos on yesterday dismissed separate suits filed by Stanbic IBTC Holdings Plc and KPMG Professional Services challenging the sanctions imposed on them by the Financial Reporting Council of Nigeria (FRC).[Read More…]
REUTERS
Oil extends losing streak as oversupply concerns persist
Oil prices dipped on Tuesday, with Brent set to extend its losing streak to an eighth day, as investors remain concerned about a global glut and mild winter demand that sent prices close to 11-year lows during the previous session.[Read More…]
BLOOMBERG
Here’s What the Fed Will Be Watching to See If Liftoff Worked
On the eve of liftoff, the Federal Reserve must be feeling pretty good about the ability of its new tools to raise interest rates: Key money market rates are already floating obediently upward in anticipation of the U.S. central bank’s first hike in nearly a decade.[Read More…]