2014年10月27日 星期一

2014-10-28 Nigeria Business

  The Punch   
Naira falls by 0.15%  The Punch
The naira weakened by 0.15 per cent against the dollar on the interbank market on Monday, on a renewed surge in dollar demand despite about $112m in sales by an oil company. A unit of French oil major Total sold about $112m to some lenders on Monday ...

Naira weakens to N165 despite Total's dollar sales   BusinessDay

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  Leadership Newspapers   
Nigeria Needs $5bn To Sustain Economy – Okonjo-Iweala  Leadership Newspapers
The minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has disclosed that for Nigeria to sustain its present economic stability, about $5 billion should be put in the excess crude account which has been depleted to $4.1 ...

Economy: We need $5bn to sustain stability, says Okonjo-Iweala   Daily Sun
Declining oil prices: Good news, bad or no news?   BusinessDay
Okonjo-Iweala raises the alarm over oil price crash   Nigerian Tribune
The Guardian Nigeria   
postzambia.com   
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  WorldStage   
Nigeria Targets Cocoa Output of 500000 Tons in 2014-15 Season  Bloomberg
Nigeria plans to boost its cocoa output by more than 40 percent to 500,000 metric tons in the 2014-15 season, Agriculture Minister Akinwumi Adesina said. The West African nation sees local grinding of cocoa beans rising to 25 percent of output in the same ...

Non-oil Earnings: FG Targets $1.3bn from Cocoa   Leadership Newspapers
FG, Nigerian Breweries seal pact on commercialization of hybrid sorghum   The Guardian Nigeria
WHEN the Federal Government introduced the electronic system of fertiliser   Nigerian Observer
WorldStage   
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Sterling Bank records N8.5bn profit in nine months  The Punch
Sterling Bank Plc has released its unaudited results for the nine-month period ended September 30, 2014, declaring a pre-tax profit of N8.5bn. This represented a 41.3 per cent rise on the N6.02bn it declared in the same period of 2013. Sterling Bank's profit ...

Q3: Sterling Bank posts 41% rise in pre-tax profit   National Mirror

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  Leadership Newspapers   
FG Approves VAT Exemption On NSE's Transactions  Leadership Newspapers
The Federal Government of Nigeria has approved the exemption of Value Added Tax (VAT) for a period of five years on most transactions on the Nigerian Stock Exchange (NSE). According to the NSE, the VAT exemption is part of the measures put in place by ...

FG eliminates VAT on stock market transaction fees   Nigerian Tribune
Nigerian bourse announces tax exemption on commissions on transactions   StarAfrica.com
FG approves VAT exemption on Nigerian Stock Exchange's transactions   WorldStage

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  WorldStage   
Downward trend persists, as NSE All-Share Index slumps 0.93%  Nigerian Tribune
The downward trend, which began last week on the Nigerian Stock Exchange (NSE) has entered the first trading day of the week as the NSE All-Share index slumped by 0.93 per cent. The index went down from 39,087.10 basis points to 38,724.15 points, ...

NSE index down 0.93% with Transcorp, Zenith Bank, Access Bank most traded   WorldStage
Stock Market Rebounds on Third Quarter Earnings   THISDAY Live

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  The Guardian Nigeria   
How ICTs helped contain Ebola virus in Nigeria- Johnson  BusinessDay
A combination of the use of an Android app, Facebook and twitter were instrumental in Nigeria's fight to contain the dreaded Ebola virus, Omobola Johnson, minister of communications technology, has disclosed. Johnson said this in a policy statement ...

Minister Attributes Victory Over Ebola Virus to ICT Tools   AllAfrica.com
LCCI decries slow pace development of ICT sector   The Guardian Nigeria

all 7 news articles »   

  Leadership Newspapers   
CBN Issues Fresh Guidelines For Foreign Bank Loans  Leadership Newspapers
As more banks raise funds offshore, the Central Bank of Nigeria (CBN) has put up measures to ensure that the exposure to risk posed by the increased foreign exchange borrowing to the industry is well managed, limiting the aggregate foreign currency ...

Banks may lend in foreign currency —CBN   Nigerian Tribune

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  Nigerian Tribune   
Abuja Xtra Man of the Week: FCT Minister, an  Nigerian Tribune
THERE, certainly, would be space constraint in writing about the Minister of the Federal Capital Territory (FCT), Senator Bala Mohammed, and his numerous achievements in office since 2010. One thing is obvious: the minister has demonstrated visible ...

Senator Bala Mohammed FCT Minister   Nigerian Observer

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Shale Gas a Threat to Our Business, Says Omotowa  THISDAY Live
The Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Babs Omotowa, has stated that Shale gas competition, as well as new mega LNG plants in Australia and East Africa are a threat to the company's ...

Nigeria's economic fundamentals are strong   BusinessDay

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