2015年7月28日 星期二

2015-07-29 Nigeria Business


The Punch
   
N474bn spent on rice imports in 41 months – CBN   
The Punch
The Central Bank of Nigeria said on Tuesday that $2.41bn (N474.77bn) was spent by the country on rice importation between January 2012 and May this year. The Governor, CBN, Mr. Godwin Emefiele, gave this figure in Abuja during a stakeholders' meeting ...

Nigeria spends $2.41bn on rice importation in three years, says CBN   BusinessDay
CBN warns banks against flouting N3.5tr cash transfer order   The Nation Newspaper
Rice import gulps $2.1billion in 3 years, says CBN governor   The News
News24 Nigeria   
all 16 news articles »   


Leadership Newspapers
   
Arbitrary Tariffs: Reps To Probe Electricity Distribution Companies   
Leadership Newspapers
The House of Representatives yesterday resolved to investigate what it termed “the exploitation of consumers by electricity distribution companies in the country.” The resolution followed a motion on the “Urgent Need for the National Electricity ...
Reps moves to abolish anti-consumer practices by PHCN   BusinessDay
NERC moves against non-performing power generation plants   The Guardian Nigeria (satire) (press release) (blog)
Power sector records 277 deaths in five years   National Mirror
TheCable   
THISDAY Live   
National Accord   
all 7 news articles »   


WorldStage
   
Senate Leadership: Gov Ahmed commends senators on vote of confidence   
WorldStage
Kwara State Governor, Dr Abdulfatah Ahmed has congratulated the Senate President, Dr Abubakar Bukola Saraki over the renewed confidence repose on him by distinguished members of the Red Chamber on Tuesday at its plenary session. According to Dr ...


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Leadership Newspapers
   
N23.6bn Unpaid Duty: Customs Seal Warehouses Of Rice Importers   
Leadership Newspapers
The Nigerian Customs Service (NCS) yesterday sealed up warehouses and businesses of four rice importers in Lagos and Abuja for failing to pay the federal governmentthe sum of N23.6 billion, being value of duties and levies on imported rice in excess of ...

Customs seals off Stallion, others over alleged N23.6b debt   The Guardian Nigeria (satire) (press release) (blog)
Customs seal 4 major rice importing firms over ₦23.6 bn debt   BusinessDay
N23.6b duties for rice imports: Stallion, OLAM shut down   The News
THISDAY Live   
all 20 news articles »   


The Nation Newspaper
   
Presidency - States to Drawdown From N300 Billion Special Intervention Fund Soon   
AllAfrica.com
The implementation of a three-pronged financial intervention of President Muhammadu Buhari to assuage workers plight and support the states is now in progress, the presidency has said. Specifically, state governments, according to a statement by Laolu ...

States To Draw N300b Intervention Fund Soon, Says Presidency   Africa Independent Television
Intervention Fund: Presidency Sets Aside N300B For States   NAIJ.COM
States to start drawing from N300bn Presidential Special Intervention – Presidency   BusinessDay
Daily Sun   
all 28 news articles »   


Bank votes N3.1b for bad loans   
The Nation Newspaper
A chunk of Fidelity Bank's profit was cut by a N3.1 billion provision for bad loans between January and last month, an analysis has shown. The analysis of the bank's half-year result for last month showed that Profit After Tax (PAT) grew by 39 per cent ...


   


BusinessDay
   
Nigeria-UK capital markets project targets increased capital flows   
BusinessDay
The Nigeria-UK Capital Markets Project, a collaborative initiative of the Emerging Capital Market Taskforce (ECMT) in both countries, is working to shore up confidence in Nigeria's capital market as well as ensure increased capital flows between ...
UK, Nigeria Unveils Emerging Capital Market Taskforce   THISDAY Live

all 4 news articles »   


Stock Market Trades 370m Shares   
Leadership Newspapers
Investors on the Nigerian Stock Exchange (NSE) on Tuesday traded 370.46 shares valued at N2.16 billion in 3,457 deals. The volume of transactions represented 101 per cent increase over the 184.175 million shares worth N2.29 billion traded in 1,889 ...

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Leadership Newspapers
   
Report Reveals Access to Capital, Others as Challenges Facing Entrepreneurs   
THISDAY Live
A report has revealed that obtaining the necessary seed capital is among the major challenges facing entrepreneurs in Africa. Also, only three per cent of those surveyed had a commercial bank loan, while 69 per cent used personal savings to finance ...
Johannesburg to host Global Entrepreneurship Congress 2017   Host City
Women Big Winners in Global Summit   AllAfrica.com
Entrepreneurs to converge in Joburg   Independent Online
The Eagle Online   
ArabianBusiness.com   
all 50 news articles »   


BDlive
   
MTN slides after profit falls as much as 15% on naira, other currencies   
BusinessDay
MTN Group Ltd. shares fell the most in four months after Africa's largest wireless carrier said first-half profit slid as much as 15 percent as exchange rate adjustment especially in Nigeria hurt sales. The stock lost 4.8 percent to 202.85 rand at 9:54 ...
South Africa's MTN expects lower H1 earnings, shares drop   Economic Times
MTN Says First-Half Profit to Fall as Much as 15% on Currencies   Bloomberg
MTN Expects First-Half Profit Knock   AllAfrica.com

all 22 news articles »   

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