THISDAY
Union Dicon Salt Takes Over $100m Alape Staple Crop Processing Zone
The future looks rosy for shareholders of Union Dicon Salt Plc as the company has become the core investor in the $100 million Alape Staple Crop Processing Zone (SCPZ) in Kogi State. Union Dicon Salt replaces Cargill, a United States based agro-industrial giant. [Read More…]
RMAFC, FIRS to Assist States Raise Revenue
Concerned about the economic status of states, two federal agencies – the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and the Federal Inland Revenue Service (FIRS) have moved in to assist states on how to raise their revenue. [Read More…]
PUNCH
Naira rises to 282, CBN boosts dollar supply
The naira strengthened against the United States dollar in the new interbank market on Wednesday as the Central Bank of Nigeria sought to stabilise the market by selling dollars.The naira closed at 282.80 per dollar, after earlier dropping as much as 0.5 per cent, down from 284.5 on [Read More…]
Inadequate JV funding delays gas-gathering projects – Shell
Lack of adequate joint-venture funding has delayed the planned start-up dates for two major gas-gathering projects, Forcados Yokri Integrated Project and Southern Swamp Associated Gas-Gathering Solutions. [Read More…]
Local firms can produce 150,000 meters monthly – Manufacturer
The Chairman and Chief Executive Officer, Mommas Systems Nigeria Limited, Dr. Kolawole Balogun, has said local manufacturers can produce about 150,000 electricity meters monthly. [Read More…]
VANGUARD
CBN opens discount window as interest rate hits 74%
The Central Bank of Nigeria (CBN), yesterday, opened its discount window in apparent bid to save the banking system from scarcity of funds which sent interbank interest rate to 74 percent at the close of business. [Read More…]
THE NATION
Kachikwu: Govt ‘ll save N1.4t yearly from subsidy removal
The Federal Government will save over N1.4 trillion yearly from the removal of oil subsidy, Minister of State for Petroleum Resources Dr. Ibe Kachikwu,has said. [Read More…]
NDDC awarded N2.4trn projects in 15 years, says Report
The Niger Delta Development Commission (NDDC) awarded 8,557 infrastructure development projects valued at N2.4 trillion between 2001 and March 18, a report has said. [Read More…]
DAILYTRUST
Revenue rises by N24bn as FG, states, LGs share N305bn in May
Addressing journalists at the end of the Federation Account Allocation Committee (FAAC) meeting yesterday in Abuja, the Minister of Finance, Mrs. Kemi Adeosun, said the gross statutory revenue of N234.466bn received for the month was higher than the N213.817bn received in the previous month by N23.649bn. [Read More…]
Lagos, Abuja among world’s most expensive cities for visitors
agos and Abuja are among the world top 20th most expensive cities to stay, for employees on international assignments, according to the Mercer’s 22nd annual Cost of Living Survey. [Read More…]
THE GUARDIAN
Akwa Ibom to re-introduce contributory pension scheme
Akwa Ibom State government has unfolded plans to reintroduce the Contributory Pension Scheme (CPS), with the view to ensuring sustainable administration of the programme. [Read More…]
LEADERSHIP
Denham, GreenWish To Fund $1bn Renewable Energy Projects In Sub-Saharan Africa
Denham Capital, a leading global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, yesterday announced a partnership to develop, build and finance a portfolio of 600 megawatts (MW) of renewable energy assets across sub-Saharan Africa by 2020 to the tune of $1 billion. [Read More…]
REUTERS
Sterling firms, Asian stocks wobble ahead of Brexit vote
Sterling rose and Asian stocks crept higher in cautious trade on Thursday though many investors sought shelter in safe-haven assets such as the yen and government debt as they braced for Britain’s vote on its fate in the European Union. [Read More…]
BLOOMBERG
European Stocks Rise With U.S. Futures, Pound as Britain Votes
Stocks rose in Asia and Europe, U.S. equity index futures advanced and the pound strengthened as the U.K.’s referendum on membership of the European Union got under way. [Read More…]