Punch
Exporters lose N78bn to dollar restriction, others:
The ongoing conflict between stakeholders and the Central Bank of Nigeria over the export repatriation policy, which came into force in February 2015, has forced some non-oil exporters to abandon the sector, while others have gone underground to carry out informal exports, our correspondent has gathered.
What to do in a buyer’s market:
The real estate market, like most investment vehicles, always goes in cycles. There are times when the value of properties seems to keep going up and up. There are also times when it seems the value of properties is going down and down. Each of these cycles is affected by economic, social and political factors. The real estate market is an integral part of the society and always reflects the current or immediate trends in the society. The fact remains that no matter the cycle, it is either the buyers or the sellers that would benefit the most. Understanding what to do in each cycle is something every investor should be knowledgeable about.
We’ve not applied for foreign loans – Minister:
The Minister of Finance, Mrs. Kemi Adeosun, says Nigeria is exploring local and domestic sources to fund the N1.8tn deficit in the 2016 budget currently undergoing approval at the National Assembly.
The Nation
NEXIM Bank gets CBN’s N300b export stimulation fund:
The Central Bank of Nigeria (CBN) yesterday approved a N300 billion export stimulation fund for the Nigerian Export-Import Bank (NEXIM).
Bureaux de Change may sack 30,000 workers:
NO fewer than 30,000 bureaux de change (BDC) workers would be sacked within the first quarter of this year. About 200,000 workers are engaged in the sector.
NIMASA remits over N42b to Federation Account:
The Nigerian Maritime Administration and Safety Agency (NIMASA), says it has remitted over N42 billion into the Federation Account and Federal Government special projects.
Vanguard
Corruption’ll cost Nigeria 30% of GDP by 2030 —Report:
A NEW study by professional services firm, PriceWaterhouseCoopers, PwC has shown that Nigeria will lose 30 per cent of its GDP to corruption by 2030.
FCMB, Courteville: Profit warnings and more underway:
PREVIOUS week’s corporate disclosures, a measure of corporate discipline and integrity resonated with profit warning from FCMB Plc, a major player in Nigeria’s banking sector. A week later another quoted company, Courteville Business Solutions, the technology company running the popular Autoreg, issued their’s.
Guardian
‘New electricity tariff to attract N1.36tr investments in five years’:
Power generation to reach 11,383MW by 2020
The new multi-year tariff order may raise the country’s yearly investment profile by N1.36 trillion over the next five years.
Daily Times
Seplat takes over operatorship of OMLs 53, 55:Seplat Petroleum Development Company Plc on Monday announced that the Supreme Court of Nigeria has delivered a judgement in favour of the company and Chevron Nigeria Limited (“CNL”) in a litigation brought against both parties by Brittania.
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.