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BUSINESS NEWS BRIEF – Thursday, March 31st, 2016

31
Mar

PUNCH

Lagos to prosecute tax defaulters from April 1
The Lagos State Internal Revenue Service says it will commence the prosecution of tax evaders and offenders in the state from April 1, 2016.[Read More…]

China reduces import of Nigerian crude oil
Nigeria saw its share of China’s crude oil imports shrink by 7.5 per cent last year as the world’s largest energy consumer reduced its import of Nigerian crude to 10.56 million barrels.[Read More…]

FAAN seeks investors to develop airport facilities
To improve efficiency and render better services to the flying public, the Federal Airports Authority of Nigeria has said that it is seeking private investors for the development of infrastructure across the nation’s airports.[Read More…]

Local manufacturers to increase production of meters
Local manufacturers have said they will produce at least 25,000 meters monthly for a start, with a plan to increase production gradually to meet the country’s metering need and for ease of deployment.[Read More…]

THISDAY

Relief as PPPRA Slashes NNPC’s Allocation for Q2 Fuel Imports
The Petroleum Products Pricing Regulatory Agency (PPPRA) has released the second quarter petrol import allocations to the Nigerian National Petroleum Corporation (NNPC) and the private oil marketing companies, a development that will potentially ease the current product shortages, THISDAY has learnt.[Read More…]

VANGUARD

New monetary policy pulls out N744bn from circulation
Due to its new monetary policy drive the Central Bank of Nigeria, CBN, may be pulling out up to N1.0 trillion from circulation in the economy through the banking system in the first month of its new monetary policy.[Read More…]

Innoson signs pact with Air Force to produce jet fighters’ parts
The Nigerian Air Force, yesterday, signed a Memorandum of Understanding, MoU with Innoson Vehicle Manufacturing Company, IVM, Nnewi, Anambra state for research and production of spare parts for its fighter jets.[Read More…]

THE NATION

Kerry: U.S. to invest $600m in Nigeria
The United States will invest more than $600 million in Nigeria this year, Secretary of State John Kerry said yesterday in Washington.[Read More…]

DAILY TRUST

Budget details ready in 2 weeks – N/Assembly
The National Assembly said yesterday that details of the 2016 budget would be ready in the next two weeks.This means the budget will be ready for President Muhammadu Buhari’s assent three weeks after its passage by the National Assembly on Wednesday last week.[Read More…]

THE GUARDIAN

BOC Gases explains delay in filing financial statements with NSE
The management of BOC Gases Plc has explained its inability to meet the March 31 deadline for the filing of its 2015 Audited Financial Statements (AFS) with the Nigerian Stock Exchange (NSE).[Read More…]

REUTERS

Asian stocks edge up to four-month high, dollar sags on Fed caution
Asian shares edged up to a four-month high on Thursday as receding worries of near-term U.S. interest rate hikes continued to buoy investors’ appetite for riskier assets.[Read More…]

BLOOMBERG

Oil Declines as Rising U.S. Crude Stockpiles Expand Global Glut
Oil declined as rising U.S. crude stockpiles kept supplies at the highest level in more than eight decades.[Read More…]

 

 

fake richard mille
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