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Business And Financial News (6)

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More Nigerians to invest in Federal Government Bonds

Tuesday, 24 November 2015 16:35 Written by

Public Finance News:

The Debt Management Office hopes to get more Nigerians to invest in Federal Government Bonds. Why consider investing in bonds? Theoretically, government bonds are the most secure form of investments, but you can check the link for more information. (http://punchng.com/dmo-nse-want-more-nigerians-to-invest-in-bonds/)

The Federal Government reaffirmed the public in its commitments to diversify the Economy at the 2015 Sustainability in the Extractive Industry, in Abuja http://www.vanguardngr.com/2015/11/fg-unfolds-strategy-to-harness-solid-minerals-potentials/

The Chairman of the Fiscal Responsibility Commission suggested that if some states do not restructure they would face the risk of bankruptcy at a 2-day study tour by the FRC Enugu (http://punchng.com/states-may-go-bankrupt-over-dwindling-oil-revenue/)

CBN

Thursday, 03 December 2015 16:32 Written by

CBN

Details in the Punch indicate that the Central Bank of Nigeria has suspended it bi-weekly Bureau De Change interventions due to depleting reserves with reports saying it will save the central bank an average of (http://punchng.com/naira-hits-242-as-cbn-cuts-dollar-supply/)

Do you still have doubts about the BVN? You can check the link below on how the BVN-for-forex has saved $300million for the last 3 weeks. http://www.ngrguardiannews.com/2015/11/cbn-saves-300m-from-bvn-for-forex-policy/

PETROLEUM MARKETING

Tuesday, 24 November 2015 16:21 Written by

BUSINESS AND FINANCE

PETROLEUM MARKETING

The petrol queues may remain longer than hoped, as many marketers fear the National Assembly may not pass the supplementary budget. The Punch this morning contains more details (http://punchng.com/n413bn-subsidy-marketers-doubt-approval-by-nassembly/)

What is the price for long queues?? The Petroleum Price Regulatory Agency released a report showing that the government covered cost of a litre of petrol purchased by N10.58 which would have put the pump price of petrol at N97.58. This report comes as experts call for the removal of subsidy to save the nation unnecessary loss. ( http://punchng.com/fg-subsidises-petrol-by-n10-58litre-despite-scarcity/)

Dr Kachikwu at the Gas Exporting Countries Forum highlighted the investment challenges in the global gas sector (http://punchng.com/gas-market-highly-unstable-says-kachikwu/)

Other Petroleum News:

·         Petroleum contributes N1.94trn to Nigeria’s GDP: http://www.vanguardngr.com/2015/11/petroleum-contributes-n1-94trn-to-nigerias-gdp/

·         Oil prices slide back after spike on Saudi Arabia’s statement http://www.ngrguardiannews.com/2015/11/oil-prices-slide-back-after-spike-on-saudi-arabias-statement/

Popular News

Public Finance News: The Debt Management Office hopes to get…
BUSINESS AND FINANCE PETROLEUM MARKETING The petrol queues may remain…
BDAN sues for effective stakeholders’ relationships by banks (http://www.ngrguardiannews.com/2015/11/bdan-sues-effective-stakeholders-relationships-banks/)
Banking News: Wema Bank regains national banking status (http://www.ngrguardiannews.com/2015/11/wema-bank-regains-national-banking-status/)

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