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Monday, January 16, 2017

ECONOMY

IMF Disagrees with World Bank’s Projection on Nigeria’s GDP Growth

The International Monetary Fund has disagreed with the World Bank’s projection of Nigeria’s economic growth by one percent in 2017, rather it said the...

Lagos woo investors with environmental bill

The Lagos State House of Assembly is set to pass a bill which will give direction to the state’s dream of becoming Africa’s greenest...

Metering: Experts Seek Review Of Electricity Act As Poor Data Hinder...

Stakeholders in the power sector have expressed worries about recent announcement from the Nigerian Electricity Regulatory Commission (NERC) that it would sanction electricity distribution...

OIL & GAS

Nigeria must be prepared for future without oil, Osinbajo warns

Vice President Yemi Osinbajo has warned Nigerians of the challenges the country would face in...

Oil Trades Near $52 as Saudis’ Al-Falih See Market Re-Balance by End of First Half

OPEC unlikely to extend supply-cuts agreement beyond June Oil traded near $52 a barrel as...

Subsidizing Nigerian oil inefficiency

Fuel subsidies in Nigeria remain a thorny issue. State support for gasoline and diesel prices,...

Total sees average gas price realization up in Q4, OMV price slips: Platts

France's Total said Monday its average global gas price realization in the fourth quarter was...

Platts: Oil stock overhang could disappear by 3Q 2017

With 2016 behind us, energy intelligence groups have begun dishing out their takes on the...

MARKETS & FINANCE

Naira stabilises at N497 to dollar

The Naira on Monday stabilised at N497 to a dollar at the open market just as stakeholders expressed hope in its imminent recovery, the...

Nigeria Stock Market index up 0.28% this week as Fidelity, Omoluabi,...

The Nigerian Stock Market closed on a positive note this week following growth across most sub sectors. Despite the market closing in red for three...

U.S. banks to stay in fashion as earnings kick off

By Sinead Carew and Lewis Krauskopf | NEW YORK U.S. bank stocks will stay in favor with investors as long as earnings reports in the...

Nasdaq hits record; bank earnings validate Wall St rally

By Noel Randewich An increase in Facebook pushed the Nasdaq to a record high on Friday and the S&P 500 also rose after major U.S....

Nigeria’s Naira exchanges at N495/$ amidst N500/$ speculation

The Naira on Thursday depreciated further at the parallel market, ebbing close to the projection of speculators, the News Agency of Nigeria, NAN, reports. At...

Dollar Scarcity Forces Naira To 495 At Parallel Market

The Naira on Thursday depreciated further at the parallel market, ebbing close to the projection of speculators, the News Agency of Nigeria reports. NAN reports...

COMPANIES

POLITICS

TECH & SCIENCE

Airbus CEO sees ‘flying car’ prototype ready by end of year

Airbus Group plans to test a prototype for a self-piloted flying car as a way...

Facebook rolls out fake-news filtering service to Germany

Fact-checking tools come as Merkel warns about Russian hacking ahead of election Facebook is rolling out...

SpaceX 2015 accident cost it hundreds of millions: Wall St. Journal

Elon Musk’s SpaceX lost more than a quarter of a billion dollars in 2015 after...

New language of technology in focus at Social Media Week Lagos 2017

The extensive impacts of technologies on communication and the consequent transformative effects on African communities...

Samsung heir returns home after marathon bribery questioning

Samsung heir Lee Jae-Yong returned home Friday after marathon questioning by South Korean prosecutors as...

WORLD

Obama warns Trump not to jettison Iran nuclear deal

US President Barack Obama on Monday marked the first anniversary of the nuclear deal with Iran by emphasizing its “significant and concrete results” and...

#WEF2017: Trade tensions, dollar danger cloud economic optimism in Davos

  A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook,...

Trump’s offer to Russia: an end to sanctions for nuclear arms...

U.S. President-elect Donald Trump will propose offering to end sanctions imposed on Russia over its annexation of Crimea in return for a nuclear arms...

Surge of African migrants brave Latin America jungle trek for U.S....

  TAPACHULA, Mexico (Thomson Reuters Foundation) - Using a stone, Ahmed Ali Hassan scraped away at the side of the container truck until he made...

India central bank relaxes cash withdrawal limit with immediate effect

India's central bank on Monday relaxed cash withdrawal limits from automated teller machines (ATMs) and current accounts with immediate effect. The Reserve Bank of India...

Investors turn wary as Brexit, Trump uncertainty grows

  Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure...

HEALTH & FITNESS

Sleep deprivation can hit companies’ bottom lines

As working long hours becomes pervasive, a sleep coach advises how to rescue your rest

Blood donation will reduce risk of heart attack, cancer- Expert

Dr Wilfred Ndifon, the Coordinator, National Blood Transfusion Services (NBTS), Calabar Centre, on Friday, said voluntary blood donation would reduce risk of heart attack...

Consortium develops modules for malaria elimination

Malaria Consortium, an NGO, has developed 14 training modules for combatting malaria in Nigeria, an official has said. Dr Kola Maxwell, Country Director of the...

World Condom Day: Foundation advocates responsible sexual, reproductive health

Aids Healthcare Foundation (AHF), an NGO, has called on Nigerians to take responsibility for their sexual and reproductive health to prevent sexually transmitted diseases,...

TheBackPage

Trumpian Uncertainty by Joseph E. Stiglitz

NEW YORK – Every January, I try to craft a forecast for the coming year....