2014年12月11日 星期四

2014-12-12 Nigeria Business


Daily Sun
   
FG requires $113bn to grow power sector, others   
Daily Sun
The Federal Government needs about $113 billion for the development of three critical sectors of the economy. The amount is to be deployed in the oil and gas, power and transport sectors of the economy over a period of six years. Director General of Bureau ...

Nigeria needs $113bn for road, rail, power – BPE   The Punch
Nigeria requires N2trn to fix oil, power, transport sectors in 6yrs —BPE DG   Nigerian Tribune
'Petroleum, power, transport sectors need $113b investments in six years'   The Guardian Nigeria
Daily Times Nigeria   
all 15 news articles »   


FG to reduce collateral on N220bn MSME fund   
The Punch
The Federal Government has unveiled plans to relax the collateral conditions attached by the Central Bank of Nigeria for banks to access the N220bn intervention fund for the Micro, Small and Medium Enterprises sector. The Director-General, Small and ...

SMEDAN conducts new survey on MSMEs   BusinessDay

all 3 news articles »   


The Punch
   
Nigeria LNG rallies investors for new dockyard in Lagos   
The Guardian Nigeria
NIGERIA Liquefied Natural Gas (NLNG) Limited has concluded plans to build a multi-billion dollar dockyard in the country. To achieve this, the company has reached out to the investment community— representatives of banks and other financial institutions— ...

N1.6 Billion Vessel Contract - NLNG to Build Dockyard in Nigeria   Vanguard
NLNG to build N273bn ship repair   The Punch
NLNG plans multi-billion naira dry dock in Lagos, shops for investors   BusinessDay

all 5 news articles »   


MarketWatch
   
A chance for West's oil giants to do a rethink   
gulfnews.com
The 40 per cent plunge in oil prices since July, when Brent crude peaked at $115 a barrel, is almost certainly good news for the world economy; but it is surely a crippling blow for oil producers. Oil prices below $70 certainly spell trouble for US and Canadian ...

Oil prices struggle after WTI sinks below $60   Zee News
US Crude Drops Below $59, Weakest Level Since July 2009   NDTV
Drop in oil prices creates international game of chicken   NewsOK.com
New York Times   
CNBC   
CBS News   
all 2,125 news articles »   


Associations Now
   
Cheaper airfares on the horizon: IATA   
TTG Asia
FLYING could get cheaper in 2015 as airlines are expected to pass on the savings made on substantial dip in fuel prices in recent months to the consumer. Average return airfares, excluding taxes and surcharges, are expected to fall 5.1 per cent next year ...

Oil prices: Nigerian airlines, others to make huge profit in 2015   Nigerian Tribune
EU May Act Alone on Flight Tracking   THISDAY Live
IATA Faces Airline Resistance on Plane-Tracking Plan   Associations Now
Businessweek   
Post and Parcel   
NewsWest9.com   
all 11 news articles »   


The Nation Newspaper
   
FIRS shuts Borno hotels for owing N39.6m in taxes   
The Nation Newspaper
The Federal Inland Revenue Service (FIRS) has shut down some hotels in Maiduguri, the Borno State capital, for allegedly failing to remit their taxes in the last few years. The agency shut down some of the hotels through its tax enforcement team, which ...

FIRS seals off three hotels in Maiduguri over N39.6m tax debts   WorldStage

all 4 news articles »   


Leadership Newspapers
   
Fuel will be available during Xmas, beyond —PPMC   
Nigerian Tribune
The Pipelines and Products Marketing Company (PPMC), on Thursday, stated that fuel would readily be available across the nation, during the yuletide. The PPMC Media Manager, Mr Nasir Imodagbe, said this when he spoke to the News Agency of Nigeria ...

PPMC Begs Nigerians to Avoid Panic-Buying of Fuel   Vanguard

all 4 news articles »   


AfricInvest Capital sees AXA investment in Mansard boosting sector growth   
BusinessDay
AfricInvest Capital Partners (ACP), a leading African private equity funds group, has described the recent acquisition of Mansard Insurance plc, one of Nigeria's leading insurance companies by the France-based AXA Group and global leading insurance ...


and more »   


CITY A.M.
   
Falling Nigerian naira hits profit at PZ Cussons   
CITY A.M.
PZ CUSSONS, the owner of Imperial Leather soap and St Tropez self-tan, said yesterday that it suffered a drop in profits in the first half of the year as tough trading conditions in Africa and the devaluation of Nigeria's currency, the naira, took its toll on sales.
PZ Cussons profits hit by volatility in Nigeria   Manchester Evening News
Nigeria unrest scrubs off profit for soap maker Cussons   Proactive Investors UK
Soap maker PZ Cussons profit falls on Nigeria woes   London South East

all 26 news articles »   


REFILE-UPDATE 1-Nigeria overnight rate ends flat as dollars purchases drain ...   
Reuters
(Adds dropped 's' to 'points', paragraph 2). LAGOS Dec 11 (Reuters) - Nigeria's overnight lending rate closed flat at 20 percent after dealers paid naira to fund dollars purchased at a central bank auction the previous day, draining cash from the system.
Nigeria to sell 65 bln naira in sovereign bonds   Reuters Africa
Overnight rate falls to 14 per cent on bond maturity   BusinessDay
Nigerian FX income market update   CNBCAfrica.com
Nigerian Tribune   
all 15 news articles »   

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