PUNCH
CBN stops forex sale to BDCs, naira sinks to 285/dollar
The Central Bank of Nigeria on Monday stopped the sale of foreign exchange to all the 2,786 licensed Bureau De Change Operators across the country.[Read More…]
Govt to enforce agreements with power firms
The Federal Government on Monday commenced moves to enforce all contractual agreements in the Nigerian electricity supply industry on operators in the sector.[Read More…]
VANGUARD
CBN assures Dangote of Forex to finance $14bn refinery
The Central Bank of Nigeria (CBN) has given assurance to Dangote Group that it will support it access Foreign Exchange, Forex to build its proposed $14 billion refinery in the country.[Read More…]
DISCOs, GENCOs revenue shortfall now N478bn
Revenue shortfall by generating and distribution companies, also known as GENCOs and DISCOs has risen to N478 billion since November 2013, when the defunct Power Holding Company of Nigeria, PHCN assets were unbundled and handed over to private investors.[Read More…]
DAILY SUN
Unclaimed N90bn: SEC commences e-dividend campaign
In a bid to further enlighten investors on its recently launched e-dividend platform, the Securities and Exchange Commission (SEC) has embarked on a four-day robust enlightenment programme expected to cover all states of the federation.[Read More…]
Exchange rate pressure, fuel scarcity may raise December inflation figures
December inflation is expected to soar higher than previous months as to nudge consumer price index higher with spike in exchange rates and food prices.[Read More…]
LEADERSHIP
Nigeria Plans Raising N390bn Through Bonds In Q1
The Debt Management Office (DMO) has rolled out plans to rise between N350 billion and N260 billion through bonds in the first three months of the year.[Read More…]
THE NATION
Nigeria loses N78b yearly to cyber crimes
Nigeria loses about N78 billion yearly to cyber crimes, the Minister of Communications, Adebayo Shittu, has said.[Read More…]
Good policies will empower airlines’ growth
THE President of the Nigerian Aviation Safety Initiative (NASI), Captain Dung Pam, has urged the Federal Government to initiate policies to facilitate the emergence of strong indigenous carriers.[Read More…]
REUTERS
China seeks to stabilize yuan, stocks still fragile
China set another firm fix for its currency on Tuesday and stepped up a verbal campaign, backed by what dealers said was aggressive buying, to convince sceptical investors that they were in control of events.[Read More…]