VANGUARD
Detailed copy of 2016 budget ready today —Reps
Baring any last minutes change, a detailed clean copy of the 2016 budget will be ready today for onward transmission to the President for assent.[Read More…]
FG allocates N14.69bn for group life in 2016 budget
The Federal Government has voted N14.69 billion for group life for its Ministries, Departments and Agencies (MDAs) in the 2016 Appropriation Bill passed by the National Assembly on March 23, 2016.[Read More…]
$9bn needed to rehabilitate North-East
An estimated $9 billion would be required for the rehabilitation and reconstruction of damaged infrastructure in the six North-East states of Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe, the office of the Vice President said yesterday.[Read More…]
LEADERSHIP
CBN To Withdraw N1trn From Circulation
The Central Bank of Nigeria (CBN) has disclosed it readiness to pull out up to N1 trillion from circulation in a bid to stabilise the economy.[Read More…]
PUNCH
FG to issue N365bn bonds in second quarter
The Federal Government planned to raise between N274bn ($1.4bn) and N365bn in local currency-denominated bonds with maturities ranging between five and 20 years in the second quarter of the year, the Debt Management Office said on Monday.[Read More…]
Fidelity Bank backs export promotion drive
Fidelity Bank Plc has partnered the Lagos Business School and the Nigerian Export Promotion Council to boost human capital development for export promotion.[Read More…]
145 textile firms lost to economic downturn —FG
The Federal Government on Monday said that a total of 145 textile companies had shut down operations between 1980 and now due to harsh economic climate.[Read More…]
BUSINESSDAY
Nigeria to benefit from China Eximbank’s $1 bn Africa industrialization program
Nigeria and 53 other African countries are to benefit in China Export-Import Bank (China Eximbank)’s $1 billion investment and industrialization program to help accelerate Africa’s industrialization and enhance trade between the continent and China.[Read More…]
THE GUARDIAN
Govt’s JV funding gulps N833.8b
The Federal Government’s Joint Venture cash calls funding between March 2015 to February 2016 gulped about $4.156 billion (about N833.8 billion) for the period.[Read More…]
THE NATION
Revenue leakages: Fed Govt to review tax incentives
The Federal Government plans to review its existing tax incentives to further block revenue leakages in the system.[Read More…]
REUTERS
Nigeria Fidelity Bank places $113 mln Oando loan on watchlist
Nigeria’s Fidelity bank said on Monday it had put a 22.4 billion naira ($113 million) loan to Lagos-listed energy firm Oando Plc on a watchlist and taken a special provision of 5 percent.[Read More…]
Dollar slides to 17-month low vs. yen as stocks, oil fall
The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors’ view of riskier assets soured, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded.[Read More…]
BLOOMBERG
Yen Climbs to Strongest Since 2014 as Kuroda Monitors Market
The yen rose to the strongest level in more than 17 months against the dollar as declines in Asian stocks fueled demand for safer assets.[Read More…]