PUNCH
Oil slump: Buhari meets IMF boss, Lagarde today
The Managing Director, International Monetary Fund, Ms Christine Lagarde, on Monday arrived Abuja on a four-day working visit and has been scheduled to meet President Muhammadu Buhari to discuss some of the challenges facing the Nigerian economy.[Read More…]
Labour ministry alerts Nigerians to recruitment scam
The Federal Ministry of Labour and Employment has alerted Nigerians to a recruitment scam online calling for jobless youths to submit their curriculum vitae for job placements.[Read More…]
THISDAY
OPEC Predicts More Inventories in Oil Market
Despite the current excess inventories in the international oil market, which led crude oil prices to drop to almost 11-year-low, the Organisation of Petroleum Exporting Countries (OPEC) has predicted more inventories in this year and beyond.[Read More…]
Operators Want Shell to Disclose Crude Oil Losses on Trans-Forcados Pipeline
Mart Resources, Midwestern Oil and Gas Company Limited, SunTrust Oil Company Limited and other third parties that utilise Shell-operated Trans Forcados Pipeline have urged the oil giant to disclose the pipeline losses on the export pipeline to enable the companies estimate their individual losses.[Read More…]
DAILY SUN
CBN confirms licenses of 2699 BDCs
THE Central Bank of Nigeria (CBN) has disclosed that 2,699 Bureaux De Change (BDCs) complied with its new requirements for operation of such entities in the country as at December 31, 2015.[Read More…]
LEADERSHIP
2016: Airliners Foresee Difficult Year, Seek FG Intervene In Fuel Cost, Dollar Sourcing
Domestic airliners have forecast a difficult operational year in 2016 owing to falling naira value and a life-threatening aviation fuel cost.[Read More…]
THE NATION
CBN cuts BDCs’ dollar sales to $10,000
The Central Bank of Nigeria (CBN) will on Wednesday sell $10,000 to each of the 2,839 bureaux de change (BDC) operators it approved last week.[Read More…]
Unstable naira hurting real estate funding
The ongoing volatility facing the naira and related regulations, remain the biggest challenge facing real estate funding, Head of Real Estate Finance for West Africa at Stanbic IBTC, Adeniyi Adeleye, has said.[Read More…]
REUTERS
Asia shares steady as uneasy calm settles over China
Asian share markets struggled to stay positive on Tuesday as a semblance of calm returned to Chinese stocks, though more wild swings appeared likely given the uncertain global outlook for economic growth and interest rates.[Read More…]
BLOOMBERG
China Said to Intervene in Stock Market After $590 Billion Rout
China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signaled a selling ban on major investors will remain beyond this week’s expiration date, according to people familiar with the matter.[Read More…]