PUNCH
Marketers confirm subsidy payment, explain petrol scarcity
Oil marketers have confirmed that the Federal Government has paid them over N400bn petrol subsidy claims and also explained why the country is still experiencing fuel scarcity.[Read More…]
Govt records N103bn shortfall in revenue allocation
Statutory allocation to the three tiers of government witnessed a decline of N103.95bn in the month of November from the sum of N473.83bn distributed in October to N369.88bn.[Read More…]
GUARDIAN
Stakeholders explain anti-corruption clause for shipping contracts
THE largest international shipping association, Baltic and International Maritime Council (BIMCO), has issued explanatory notes following the publication of its Anti-Corruption Clause for Charter Parties, to provide an explanation for each of the six sub-clauses and how they are to work in practice.[Read More…]
Steel firm commences work on 400,000MT plant in LFZ
Preparatory towards the construction of its steel pipe mill, Jiangsu Yulong Steel Pipe Company has begun preliminary work on its 400,000 million metric tonnes (MT) capacity plant at Lekki Free Zone.[Read More…]
VANGUARD
MAN charges CBN to stop funding Bureaux de Change
THE Manufacturers Association of Nigeria, MAN, has charged the Central Bank of Nigeria, CBN, to stop funding the Bureau de change market.[Read More…]
THE NATION
500,000 teaching jobs on the way in N6.08tr budget
Budget 2016 (FACTS & FIGURES).[Read More…]
N1b fine: Guinness, NAFDAC begin settlement talks
An Igbosere Lagos State High Court, yesterday adjourned a suit filed by Guinness Nigeria Plc against the National Agency for Food and Drug Administration and Control (NAFDAC) till February 8, next year, to give the parties time to resolve the dispute.[Read More…]
REUTERS
Asian stocks near two-week highs, oil tries to rally
Asia shares pushed ahead on Wednesday following a rally on Wall Street, while major currencies entered a holiday lull and oil strove to sustain a modest bounce from multi-year lows.[Read More…]
BLOOMBERG
Emerging Stocks Rise to Two-Week High as Oil Lifts Energy Shares
Emerging-market stocks climbed for a third day as energy companies rallied with oil and investors grew more optimistic over the Chinese and U.S. economies. South Korea’s won strengthened to a two-week high.[Read More…]
Three More Chinese Companies Face Difficulty in Bond Repayments
Three Chinese companies have said they lack funds to repay bonds due in coming days, flagging risks defaults may spread as manufacturers grapple with a cash crunch amid a weakening economy.[Read More…]