PUNCH
IMF to help Nigeria trace looted funds
The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday in Abuja that the organisation was willing to assist the Federal Government of Nigeria in plugging revenue leakages, tracing stolen funds and restructuring the tax system.[Read More…]
Naira falls to 267.5 as dollar demand rises
The demand for the United States’ dollar at the parallel market was up on Tuesday, driving down the naira to 267.5 against the greenback.[Read More…]
DAILY SUN
FG abolishes tendering for oil, gas shipment
The Federal Government has abolished tendering process for the engagement of pre-shipment inspection and monitoring agents for the oil and gas sector.[Read More…]
THISDAY
Nigeria’s PMI Remains Flattish on Macro Headwinds
Nigeria’s Purchasing Managers Index (PMI) has continued to take a beating as a result of macro headwinds exacerbated by the oil price slide, the collapse in FAAC pay-outs and foreign exchange crisis.[Read More…]
CBN’s Forex Policy Gets Backing
President Muhammadu Buhari and two leading Nigerian economists have endorsed the Central Bank of Nigeria (CBN) foreign exchange management policy, just as local manufacturers have applauded the policy.[Read More…]
VANGUARD
FG to generate $7.5bn from grid solar energy
THE Minister of Environment Hajiya Amina Mohammed has projected that the country can generate $7, 5 billion (about N15 trillion) from of grid solar energy.[Read More…]
THE NATION
Local petrol refining hits 6.76m litres
The Nigerian National Petroleum Corporation (NNPC) yesterday said the nation’s three refineries in Kaduna, Port Harcourt and Warri have attained a combined daily production of over 6.76 million litres of petrol per day.[Read More…]
REUTERS
Asia stocks buffeted by China worries, North Korea nuclear test
Asian shares fell on Wednesday and most emerging currencies retreated as China allowed the yuan to weaken further, stoking fears about its slowing economy, while a North Korean nuclear test heightened geopolitical tensions.[Read More…]
BLOOMBERG
China’s Weakening Yuan Is Bad News for Japanese Equities: Chart
Where the yuan goes against the yen, Japanese stocks go too.[Read More…]
India Rupee Falls to Three-Week Low as China Fuels Risk Aversion
India’s rupee dropped to a three-week low as demand for riskier assets ebbed after China weakened the yuan’s fixing to a 2011 low and North Korea said it tested a hydrogen bomb.[Read More…]