Asia stocks, euro pressured by economic, political uncertainty

Appetite for Asian stocks and the euro ebbed on Tuesday as a rising tide of economic and political concerns added to anxiety over expectations China’s foreign exchange reserves fell again in January. European stocks look set for sluggish start, with financial spreadbetter CMC Markets expecting Britain’s FTSE 100.FTSE to open up 0.1 percent, France’s CAC… Read More Asia stocks, euro pressured by economic, political uncertainty

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CBN to increase list of banned imported items (Read full details)

Central Bank of Nigeria's (CBN) governor Godwin Emefiele. / AFP PHOTO / PHILIP OJISUA • Insists On Regulated Forex Floatation • Expert Says Multiple Exchange Rates • Encourage Rent-Seeking, Round Tripping  Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has insisted on regulated foreign exchange regime to ensure that the naira does not go… Read More CBN to increase list of banned imported items (Read full details)

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Volkswagen recalls nearly 600,000 Audis in US (Read full details)

Volkswagen German carmaker Volkswagen will recall nearly 600,000 vehicles in the United States, most of them its premium Audi brand, over defects that could lead to fires or airbag malfunctions. However no fatalities related to the problems have yet occurred in the country, the National Highway Traffic Safety Administration (NHTSA) said on its website Saturday.… Read More Volkswagen recalls nearly 600,000 Audis in US (Read full details)

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Banking sector records over 910m transactions worth N65trn in 2016 (Read full details)

CBN building The National Bureau of Statistics (NBS) said a total volume of 910,186,115 transactions valued at N65.16 trillion were recorded in 2016 as electronic payment in the banking sector. This statistics is contained in a “Selected Banking Sector Data for 4th Quarter 2016’’ released by NBS in Abuja. The report stated that ATM transactions… Read More Banking sector records over 910m transactions worth N65trn in 2016 (Read full details)

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Total Nigeria Plc reassures customers on pump accuracy (Read full details)

The Managing Director/Chief Executive Officer, Total Nigeria Plc, Jean- Phillipe Torres, has reassured customers nationwide on pump dispensation accuracy in all its service stations. Torres, who gave the assurance in Lagos, during the company’s Top Service Week at the Onigbagbo Service Station, Ikeja, said the oil marketing company was strict and conscious about issues of… Read More Total Nigeria Plc reassures customers on pump accuracy (Read full details)

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ICT experts seek use of geo-satellite equipment to tackle unemployment (Read full details)

ICT Adequate deployment of information communication technology is a potent weapon against massive youth unemployment ravaging the country, an Austrian-based ICT Expert, Walter Mayer, has said. Mayer, who gave the advice in Abuja at a roundtable on Dynamics of Agro-ICT Satellite Solutions, convened by Dilimson Holdings Limited, in conjunction with the Austrian Chamber of Commerce,… Read More ICT experts seek use of geo-satellite equipment to tackle unemployment (Read full details)

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NIPCO constructs new 5,000 MT LPG storage facility (Read full details)

The Nigerian Independent Petroleum Company (NIPCO) has embarked on the construction of a 5,000-metric tonne (MT) Liquefied Petroleum Gas (LPG) storage facility to ameliorate the challenges of domestic supply of cooking gas in the country. NIPCO spokesman, Taofeek Lawal, disclosed this during the company’s facility tour with the media on the ongoing 5,000 MT LPG… Read More NIPCO constructs new 5,000 MT LPG storage facility (Read full details)

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‘How climate change affects economy’ (Read full details)

The President of Ecologistics, Dr. Paul Abolo, has pointed out that the felling of trees, fuel burning and gas flaring were responsible for global warming. He said this when officials of the global climate change investment and sustainable development company visited The Guardian’s Rutam House in Lagos. According to him, illnesses that had never occurred,… Read More ‘How climate change affects economy’ (Read full details)

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Central Bank of Nigeria keeps monetary policy rate at 14 % (Read full details)

CBN building • Foreign reserves grow to $28.9 billion • Economic change remains elusive, say experts The Central Bank of Nigeria (CBN) yesterday retained the Monetary Policy Rate (MPR) at 14 per cent.It is the rate at which the CBN lends money to deposit money banks in the country. According to the apex bank, the… Read More Central Bank of Nigeria keeps monetary policy rate at 14 % (Read full details)

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CBN donates N999m building to CRUTECH (Read full details)

CBN The Central Bank of Nigeria (CBN) has donated a two-storey administrative block of N999 million to the Cross River University of Technology (CRUTECH) under its Education Intervention Programme. Prof. Anthony Owan-Enoh, the Vice Chancellor of the university, said this at newsmen conference shortly after receiving the keys of the building from the CBN on… Read More CBN donates N999m building to CRUTECH (Read full details)

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