GUARDIAN
FG to unbundle NNPC into 5 operational zones
The Minister of State, Petroleum Resources, Dr Ibe Kachikwu, on Thursday said that a major overhaul of the Nigerian National Petroleum Corporation (NNPC) system would be announced in the next one week.[Read More…]
PUNCH
$20bn idle in Nigerians’ domiciliary accounts –CBN
The Central Bank of Nigeria on Thursday raised the alarm that about $20bn (N3.94tn) was lying idle in different domiciliary accounts of the citizens.[Read More…]
THISDAY
FG Grants MDAs Access to TSA as Transfers Hit N2.9tn
The federal government on Thursday disclosed that it had granted ministries, departments and agencies (MDAs) access to the treasury single account (TSA) as the transfers currently peak at N2.9 trillion.[Read More…]
DAILY TRUST
Ambode directs N6.25bn remittance to employment fund
In an attempt to fulfil the promise of making available a sum of N25 billion for the Employment Trust Fund (ETF) initiative in four years, Governor Akinwunmi Ambode of Lagos State yesterday directed the commissioner for Finance to immediately transfer the sum of N6.25 billion to the fund.[Read More…]
VANGUARD
Transport minister gives freight forwarders 2 weeks ultimatum to register with CRFFN
Minister of Transport, Mr. Rotimi Amaechi last week in Lagos read the riot Act to the various freight forwarding associations to meet with the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) and resolve the differences that they have with the regulatory agency.[Read More…]
THE NATION
Fuel queues end weekend, says PPMC
The Managing Director, Pipelines and Products Marketing Company (PPMC), Mrs. Esther Nnamdi-Ogbue, yesterday assured fuel queues will disappear from petrol stations across the country by this weekend.[Read More…]
LEADERSHIP
Naira Seen Trading Within A Band, Firms To N310/$
The naira is expected to remain under pressure on the parallel market next week, but could trade within a band as traders and buyers seek appropriate value for the local currency.[Read More…]
REUTERS
Global shares, oil set for bumper week as payrolls near
The best week for Asian shares in five months and the second six percent weekly jump in a row in oil prices put global markets in a bouyant mood on Friday, ahead of closely-followed monthly U.S. jobs data.[Read More…]
BLOOMBERG
Emerging Markets Climb With Copper on China Stimulus Speculation
Emerging markets extended their best week since October and copper advanced, supporting mining stocks, on speculation China will boost stimulus at an annual gathering of the nation’s legislature. Treasuries and developed-nation shares were little changed before U.S. jobs data.[Read More…]