Punch

We’re available for Nigeria, says IMF boss:
The Managing Director of the International Monetary Fund, Christine Lagarde, has said the organisation remains available for Nigeria whenever the country needs financial assistance from it.

Germany shows interest in Nigeria’s liquefied natural gas:
The country’s quest to expand its Liquefied Natural Gas market into Europe received a major boost on Thursday as a visiting German trade delegation indicated desire to get gas from Nigeria.

Vanguard

Naira hits new low, exchanges for N320 per dollar :
Further hit came against the Naira yesterday in the parallel foreign exchange market, despite the intervention of Central Bank of Nigeria, CBN, in the inter-bank segment.

NASME laments inability to access N220bn intervention fund:
Nigerian Association of Small and Medium Enterprises (NASME) has lamented inability of the micro, small and medium enterprises, MSME sectors to access the Central Bank of Nigeria’s N220 billion intervention funds, saying the bulk of the money is still in the apex bank’s vault.

Guardian:

NB posts N293b revenue in 2015, proposes N4.80k dividend:
NIGERIAN Breweries Plc has announced 10.3 per cent increase in revenue from N266 billion recorded in 2014 to N293 billion in 2015.

NSE’s indices sustain rising profile, up by 2.2 per cent:
TRANSACTIONS on the Nigerian Stock Exchange (NSE) sustained rising profile yesterday, even as virtually all the highly capitalised stocks appreciated in price, causing market capitalisation to rise further by 2.2 per cent.

The Nation

Bankers’ Committee mulls forex for fees, overseas medicals:
The Central Bank of Nigeria (CBN) and deposit money banks are working out strategies to minimise foreign exchange (forex) demand for school fees and medical expenses abroad. The measure is intended to prevent crowding out demands for forex by the real sector.

NB Plc profit drops by 10.5 per cent:
Nigerian Breweries Plc has declared 10.50 per cent drop in profit after tax for the financial year ended December. 31, 2015. It posted a profit after tax of N38.06 billion against, N42.52 billion achieved in the corresponding period of 2014. The report is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) in Lagos, yesterday..

‘Forex restriction catalyst for local manufacturing’:
The Central Bank of Nigeria (CBN) Foreign Exchange (forex) policy barring importers of certain items from accessing forex is a blessing in disguise, the Chief Executive Officer (CEO), Spectra Foods Ltd., Mr. Duro Kuteyi, has said.

Making non-oil export economy’s heartbeat:
They are coming at an auspicious time. The Export Rediscounting and Refinancing Facility (RRF) and Non-oil Export Stimulation Facility (ESF) designed to stimulate non-oil export are coming when the economy is, perhaps, at its most vulnerable ever. They are coming in the heat of the crisis in the international oil market where the price of crude has been crashing, requiring urgent rejuvenation of the non-oil export sector as a wedge.

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.