|Senate summons AGF, CBN over N596bn ecological fund |
The Senate, on Thursday, following an audit query from the office of the Auditor General of the Federation, summoned the Secretary to the Government of the Federation, Mr Boss Mustapha, to explain details of an ecological fund totalling N596bn…..read more.
Nigeria’s oil exports fall as explosion shuts pipeline The nation’s oil exports have suffered a setback as an oil pipeline explosion forced the Nigeria Agip Oil Company, a subsidiary of Eni, to close a pipeline feeding the Brass oil export terminal. Reuters reported on Thursday that the explosion on Monday was caused by vandalism, quoting the Head of the Nigerian Security and Civil Defence Corps in Bayelsa State, Christina Abiakam-Omanu…read more.
| AfDB’s faults World Bank on Nigeria, Africa’s debt profiles |
The African Development Bank has said that the upward debt trend of some African countries did not portend systemic risk of debt distress, as stated by the World Bank. It also said that the general statement by the World Bank Group insinuating that the AfDB contributed to Africa’s debt problem and that it had lower standards of lending was misleading and inaccurate….read more
SEC mulls fresh recapitalisation for stock broking firms Seeks more palliatives for private equity operators, bluechips. Ahead of the planned change of ownership (demutualisation) of the Nigeria Stock Exchange (NSE), the Securities and Exchange Commission (SEC), may soon call for fresh recapitalisation of stock broking firms operating in the local bourse….read more.
West African traders seek end to international border closure West African cross border traders under the aegis of the West Africa Association for Cross Border Trade in Agro-Forestry Pastoral and Fisheries Products (WACTAF) have called on the Economic Community of West African States (ECOWAS), to intervene in the Nigerian Government prolonged border closure…read more.
NCC considers new regulation to protect data, prevent cyber attacks The Nigerian Communications Commission (NCC) said it is planning new regulatory instruments for additional protection of the cyber space to prevent cyber attacks, and ensure safe networks for users without compromising national security….read more.
CBN Offers Longer-term Naira Contracts to Lure Investors The Central Bank of Nigeria (CBN) has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves and stave off a currency devaluation, Reuters report yesterday….read more.
Stanbic Reiterates Commitment to Youth Empowerment Stanbic IBTC Bank has reiterated its commitments towards supporting youth development and empowerment across the country thereby, harnessing their potential.The financial service provider stated that empowering and investing in the younger generation would help boost the economic activities in the country….read more.
FG Committed to Food Security, Says Nanono The Minister of Agriculture and Rural Development, Alhaji Mohammed Nanono, has reaffirmed the federal government’s commitment to finding lasting solution to issues bothering on food security in the country….read more.
No need to panic about coronavirus impact on oil markets, US energy secretary says “At this moment, while we are seeing some slight reductions in production as a result of the virus, we are not yet concerned about its ultimate impact,” Dan Brouillette told CNBC on Friday….read more.
The son of Saudi Arabia’s Warren Buffett sees a big future for Beyond Meat and plant-based foods The Kingdom of Saudi Arabia may not be the first place that comes to mind when you think about vegan diets, but the son of one of the country’s most influential investors is betting big that plant-based meats will become the norm globally in just a few years….read more.