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TODAY’S BUSINESS NEWS BRIEF – Thursday, October 27th, 2016

PUNCH FG releases 50% of funds for capital expenditure The Minister of State for Budget and National Planning, Zaynab Ahmed, on Wednesday said the Federal Government had so far released about 50 per cent of the capital expenditure component of this year’s budget.[Read More…] No going back on railway concession, says FG Despite concerns by workers …


BUSINESS NEWS BRIEF – Thursday, June 16th, 2016

  PUNCH Nigeria’s foreign debt rises by $7.18bn in 10 years Ten years after Nigeria’s historic exit from the Paris Club of Creditors, the country’s external debt balance has climbed to $10.72bn, up from $3.54bn, investigation has shown.The Federal Government had between 2005 and April 2007 paid over $15bn to exit from both the Paris …


BUSINESS NEWS BRIEF – Tuesday, May 31st, 2016

  VANGUARD Nigeria loses N13bn to oil theft, vandalism in one month Nigeria has lost N12.566 billion in one month due to petroleum products theft and vandalisation of the facilities of the Nigerian National Petroleum Corporation, NNPC.[Read More…] PUNCH Nigeria risks losing oil buyers to Iran, S’Arabia Nigeria, which recently lost its Africa’s top oil producer …


BUSINESS NEWS BRIEF – Wednesday, April 6th, 2016

THE GUARDIAN Fuel queues end by weekend, says Kachikwu “Hopefully by tomorrow (today) and Thursday, the fuel queues in Abuja should be over. Hopefully, the same thing will happen in Lagos, and thereafter by the weekend, we should see Kano, Katsina, Sokoto, Port Harcourt and Warri get off the queue list.”[Read More…] THE NATION $40m inflows …


BUSINESS NEWS BRIEF – Monday, March 4th, 2016

THISDAY Forte Oil to Raise N100bn Capital for Expansion Forte Oil Plc is to raise N100 billion fresh capital  to expand its operations within Nigeria.  Consequently, the directors of the company are seeking the approval of shareholders at the forthcoming annual general meeting  to raise the funds. According to the company,  the N100 billion could …


BUSINESS NEWS BRIEF – Thursday, March 10, 2016

  LEADERSHIP Reserves Rise As Oil Hit $40pb Nigeria’s external reserves continued a steady appreciation, rising by 0.2 per cent within seven days in March as global oil price rose to $40 per barrel on Wednesday.[Read More…] Nigeria’s Oil Reserve Hits 36.2bn – DPR The director of the Department of Petroleum Resources (DPR), M.B Ladan, has …



THISDAY Osinbajo: Nigeria Can’t Change FX Rules to Satisfy Portfolio Investors Vice-President Yemi Osinbajo has said Nigeria cannot change its foreign-exchange rules to satisfy portfolio investors, giving support to the central bank’s currency controls.[Read More…] NDIC Seeks Greater Awareness on Benefits of Non-interest Banking The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru …



  THISDAY External Reserves Fall to $30.794bn, Inflation Inches to 9.3% Nigeria continued to reel from the impact of the decision by US investment bank JP Morgan & Chase to phase out Nigerian bonds from its indexes, as the country’s external reserves fell to $30.794 billion.[Read More…] INEC Proposes Review of Electoral Act The Independent …


BUSINESS NEWS BRIEF – August 25th,2015.

THISDAY 2016 Budget: Senate Frets over FG’s Unpreparedness to Submit MTEF The Senate is becoming uncomfortable with the perceived unpreparedness of the Muhammadu Buhari administration to submit to the National Assembly the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Policy (FSP) ahead of the presentation of the 2016 budget.[Read More…] Ban Ki-moon Asks Buhari …


Business News Brief – August 14, 2015

PUNCH Shareholders approve CCNN’s N439m dividend Shareholders of the Cement Company of Northern Nigeria Plc on Thursday approved the payment of a total dividend of N439.8m for the 2014 financial year..[Read More…] DMO sells N80bn debt at mixed yields The Debt Management office sold a total of N80.20bn ($403m) in bonds maturing in February 2020 …

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