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DAILY BUSINESS NEWS BRIEF – Thursday, February 16th, 2017



Fitch downgrades FirstBank, GTB, Zenith, Diamond to negative

Budget will determine World Bank loan size – Udoma

Naira exchanges at N510/$ at parallel market

‘Sokoto records N400 million IGR monthly’

FG bans open registration of SIM cards; defaulter to pay N5m fine

Oil production now two million barrels daily – Kachikwu

Nigeria’s oil export to India falls by 54%

Dangote Rice targets 16,000 outgrowers in Sokoto

NDPHC expands TCN’s substations

Inadequate gas supply cuts electricity output by 3,000MW

FEC approves N126bn for reconstruction of 12 roads

NECA urges caution as FIRS implements stamp duty Act

Arik boss’ firms owe us N263.7bn, says AMCON

Workers shut CAC over poor welfare

Local content: NCDMB targets midstream, downstream sectors

Nigeria loses $5bn as Forcados pipeline remains shut

Oil Closes Near $53 as Record U.S. Supply Counters OPEC Cuts

Prices of foods, energy push inflation to 12-year high at 18.72%
Nigeria’s inflation rate rose to 18.72 per cent in January 2017 from 18.55 per cent recorded in December 2016 over rising prices of consumable goods and energy.[Read More…]

fake richard mille
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