Tag - Asia

  Inflation hits 94-month high at 18.3% Domestic Debt: FG to Issue Promissory Notes to Contractors in 2017 2017 budget: Recovered loot to part-fund N2.69tn deficit Senate opposes cancellation of power privatisation Nigeria Needs Oil Sector’s Contribution To Diversify Economy – Osinbajo NNPC earns $181m from oil, gas export in one month Seven Energy, FG …

  PUNCH IMF to help Nigeria trace looted funds The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday in Abuja that the organisation was willing to assist the Federal Government of Nigeria in plugging revenue leakages, tracing stolen funds and restructuring the tax system.[Read More…] Naira falls to 267.5 as dollar demand …

PUNCH Oil slump: Buhari meets IMF boss, Lagarde today The Managing Director, International Monetary Fund, Ms Christine Lagarde, on Monday arrived Abuja on a four-day working visit and has been scheduled to meet President Muhammadu Buhari to discuss some of the challenges facing the Nigerian economy.[Read More…] Labour ministry alerts Nigerians to recruitment scam The Federal …

PUNCH Idle refineries slow N22bn chemicals market growth The growth of the nation’s oilfield chemicals markets is being hampered by the state of government-owned refineries, among other challenges, the Chief Executive Officer, Matrix Petro-Chem Limited, Dr. John Erinne, has said.[Read More…] Dollar scarcity: Banks cut customers’ spending abroad by 80% Nigerian bank customers who are planning …

PUNCH TUC, LCCI differ on proposed petrol price rise The Federal Government should not effect the proposed increase in the price of Premium Motor Spirit, popularly known as petrol, without reaching an agreement with the organised labour, the Trade Union Congress of Nigeria has warned.[Read More…] Chinese plan fresh N98.5bn investment in Nigeria The Minister of …

PUNCH Nigeria lost N1.7tn to crashes in 2014 – FRSC the Federal Road Safety Commission, Standard Organisation of Nigeria and other relevant agencies have concluded plans to reduce accidents on the roads beginning from April 2016.[Read More…] THISDAY NASD OTC Targets 300 Unlisted Securities to Trade in OTC Market The NASD Plc, the operators of the …

PUNCH CBN plans soft loans for one million graduates The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday announced that a low-interest loan scheme for one million young graduates would commence next year.[Read More…] Naira slides to 257 against dollar The naira fell to 257 against the dollar at the parallel market on Thursday. …

PUNCH We can save N985bn from 450 agencies – Adeosun The Minister of Finance, Mrs. Kemi Adeosun, says she can save up to $5bn (N985bn) annually by cracking down on waste and leakages in over 450 Federal Government Ministries, Departments and Agencies.[Read More…] FG to monitor crude oil movement electronically The Federal Government on Tuesday said …

PUNCH Mixed reactions as CBN cuts interest rate The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate (benchmark interest rate) from 13 per cent to 11 per cent.[Read More…] Senate to pass N465bn supplementary budget next week The Senate on Tuesday directed its Committee on Appropriation to work …

  THE NATION Nigeria’s oil industry investment dips 20% Investment in Nigeria’s oil and gas industry, which stood at $20 billion last year has dropped by 20 per cent this year over industry woes and investment environment, the President for Chevron Africa and Latin America, Mr. Ali Moshiri has said.[Read More…] CBN gives customers BVN reprieve …