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Saturday, January 21, 2017

ECONOMY

Nigeria’s distributable revenue rose by 3.4 percent in December

ABUJA Jan 20  - Nigeria's distributable revenues to the government rose in December by 3.4 percent to 400 billion naira ($1.31 billion) as the...

Nigeria interbank rate jumps on cash payments for bond purchases

LAGOS Jan 20  - Nigeria's interbank lending rate rose to close at 11.5 percent on Friday, up from 7 percent last week as payments...

FG, states, LGAs share N400b for December, as revenue drops by...

Nigeria’s three tiers of government- Federal, States, Local Government shared N400 billion for the month of December, 2016 during the monthly Federation Account Allocation...

OIL & GAS

Saudi Arabia says another OPEC cut possible in 2017

DAVOS, Switzerland (AP) — Saudi Arabia's energy minister says there's a chance of another production...

W. Africa Crude: Nigerian price reflects weak demand for light crude as Sonangol sells out

  NIGERIA's State oil company NNPC slashed its official selling prices for key grades Bonny light...

Cost of Kerosene rises to N300 per litre in Umuahia

The price of Kerosene, a major source of energy in many homes, has skyrocketed in...

OPEC’s December Cuts Are A Bullish Sign For Oil Markets

The Organization of Petroleum Exporting Countries (OPEC) cut oil production by 221,000 barrels per day...

OPEC chief sees oil stocks declining as cuts take effect

20 January 2017, Davos, Switzerland — Oil stocks around the world need to decline by...

MARKETS & FINANCE

Nigeria Equities down 0.17%, as Diamond Bank, Berger top losers chart

Loss by the equities segment of the Nigerian Stock Exchange rose to N59.3 billion this week on Thursday as the All Share Index (ASI)...

WEAKAHEAD-AFRICA-FX: Zambia’s kwacha to firm on currency inflows from T.Bill auction

LUSAKA Jan 19 (Reuters) - Zambia's kwacha is expected to firm next week on improved currency inflows from a Treasury Bill auction while the...

Nigeria’s naira seen unchanged as foreign money transfer firms sell dollars...

Nigeria's naira is seen unchanged on the parallel and official foreign exchange market in the coming days as international money transfer organisations begin selling...

Nigeria Stock Index down 0.13%, as Guinness, Diamond Bank lead losers

Equities trading on the Nigerian Stock Exchange (NSE) continued the downward trend Wednesday from previous trading session as the lead market indicators; the All...

Fidelity, Diamond, others lift Nigeria Stock Exchange’s turnover by N9 bn

Heavy transactions in the shares of some banks, especially Fidelity Bank Plc and Diamond Bank, last week, lifted the volume of shares traded, as...

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...

COMPANIES

POLITICS

TECH & SCIENCE

5 ways Nigerians are abusing social media

It is no gainsaying that social media is now an important feature in our lives....

Panasonic aims to move Tesla auto partnership beyond batteries: CEO

Panasonic Corp aims to extend its partnership with electric car maker Tesla Motors Inc beyond...

Facebook to build third foreign data center in Denmark

Facebook will build a new data center in the Danish city of Odense, the California-based...

Domestication of ‘Nigeria’s Domain Name, .ng Is an Economic Value Asset’

Adeyemi Adepetun Reverend Sunday Folayan is the President, Executive Board of Directors, Nigeria Internet Registration Association...

Oracle restructures, denies sacking Chinese

Oracle Corp, a U.S company, has denied laying off research and development team in Beijing...

WORLD

Disgraced Gambia’s Yahya Jammeh leaves Gambia today into exile

Gambia’s former president, Yahya Jammeh will now leave Banjul on Saturday with President Alpha Conde of Guinea, to begin a new life in exile. This...

Deaths from Nigerian refugee camp air strike rises to 90, could...

GENEVA Jan 20 (Reuters) - The death toll from an accidental Nigerian air strike on a refugee camp in the town of Rann has...

Fears of economic ‘race to bottom’, strong dollar in Davos

  A strengthening dollar and a "race to the bottom" on taxes, deregulation and trade policy are the major risks to an otherwise brightening global...

In Trump We Trust: Inauguration prompts celebration in Russia

  The Kremlin may have spent years reviling America, but Russians hoping Donald Trump will usher in a new era of detente marked his inauguration...

Commentary: Run-ups to Trump, Nixon presidencies bear striking resemblances

His private campaign headquarters was an elegant suite on New York’s Fifth Avenue. Elected with 43.4 percent of the vote, he claimed the mandate...

Executive actions ready to go as Trump prepares to take office

Donald Trump is preparing to sign executive actions on his first day in the White House on Friday to take the opening steps to...

HEALTH & FITNESS

Mental illness: Invisible but devastating

When American film actor Robin Williams, who suffered from depression, committed suicide two years ago, Kenyan humour writer Ted Malanda feigned incredulity. “I can’t...

EXCLUSIVE: Malaria champions see Trump uncertainty at crucial time

DAVOS, Switzerland, Jan 20 (Reuters)- When it comes to fighting malaria, Bill Gates and Ray Chambers are both inspired and concerned: With victory in...

Malaria drug, chloroquine, treats brain cancer – Study

The Federal Government in 2005 banned the use of Chloroquine and Sulfadoxine – Pyrimethamine as first line drugs in the treatment of malaria because...

TheBackPage

Trumping Capitalism? by Anatole Kaletsky

LONDON – Donald Trump’s inauguration as the 45th president of the United States is widely...

Financial distress & corporate failure: Causes, Prediction and avoidance by Adeniyi Bamgboye

It is generally accepted that the key factors making the difference between companies that fail...

Buhari Falters as Tax Revenue Down in 2016 by David O. Kuranga; Ph.D.

At the beginning of the year, the Nigerian federal government positioned 2016 as the year...

Trumpian Uncertainty by Joseph E. Stiglitz

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