1. The Vanguard reports that the National Bureau of Statistics (NBS) said
the capital imported in the second quarter of 2014 was recorded at a value of 5.8 billion dollars (N9.5 trillion). The Statistician-General of the Federation, Dr. Yemi Kale said the figure increased by 1.9 billion dollars (N3.1 trillion), representing 48.64 per cent from the 3.9 billion dollars (N6.4 trillion) recorded in the first quarter of this year.
2.Port Manager of Onne Port, Umar Munir, has said that
the introduction of e-payment by the authority’s management has helped in improving operations at the ports. Mr. Munir said that the introduction of e-payment has helped to reduce cargo clearing time as well as ship turn around time at the port.
3.
BlackBerry has put the company back on solid ground with the recent launch of the Z3. Considered to be a major breakthrough for Blackberry after its recent restructuring, the product has also continued to deepen market penetration as a result of its relatively good price of about N38,000.
4.Nigerian
local currency is expected to appreciate at the inter-bank market due to anticipated increase in foreign portfolio inflows at the bond auctions which would likely increase dollar supply.
5.
Weststar Associates Limited, an authorised distributor of Chrysler/Jeep/Dodge and Ram in Nigeria is offering the two-door 2014 Jeep Wrangler Sahara, in addition to the already widely sold 2014 four-door model. Weststar’s decision to bring in the two-door Wrangler to Nigeria was based on its desire to deliver a variety of choices to its customers.
6.The Securities and Exchange Commission
(SEC) has disclosed plans to raise the capital market contribution to gross domestic products (GDP) from its current level to be at par with markets in Brazil, Singapore and Malaysia.
7.The federal government yesterday concluded an elaborate
plan targeted at boosting trade between Nigeria and countries in Asia by 100 per cent in the next 24 months. The fresh Nigeria-Asia trade strategy was fine tuned last weekend by the officials of the Federal Ministry of Industry Trade and Investment and its parastatals, along with Nigeria’s ambassadors across the Asian countries, in a two-day meeting in New Delhi, India reports THISDAY.
8.Successor firms from the privatised Power Holding Company of Nigeria
(PHCN) are exploring the application of technology to address both technical and commercial challenges besetting the industry. No fewer than seven of the 11 distribution companies (DISCOs) are in talks with Polish software giant, Asseco Group to deploy its range of solutions to address the teething problems of the industry, The Nation gathered at the weekend.
9.The Nation has said that the Federal Government has been told to
provide employment for youths to reduce poverty. This would also remove them from the streets, as well as, being used for other negative tendencies, such as insurgency.
10.In line with the local content policy, the Nigerian Content Development Monitoring Board
(NCDMB) plans to establish industrial oil and gas parks in Niger Delta, raising hopes of jobs for skilled and unskilled workers, writes Akinola Ajibade of The Nation. Next year, Nigeria will join the league of countries that own oil and gas parks to manufacture components of equipment used in the sector.
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This article was first published on 15th September 2014
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1. The Vanguard reports that the National Bureau of Statistics (NBS) said the capital imported in the second quarter of 2014 was recorded at a value of 5.8 billion dollars (N9.5 trillion). The Statistician-General of the Federation, Dr. Yemi Kale said the figure increased by 1.9 billion dollars (N3.1 trillion), representing 48.64 per cent from the 3.9 billion dollars (N6.4 trillion) recorded in the first quarter of this year.
2.Port Manager of Onne Port, Umar Munir, has said that the introduction of e-payment by the authority’s management has helped in improving operations at the ports. Mr. Munir said that the introduction of e-payment has helped to reduce cargo clearing time as well as ship turn around time at the port.
3.BlackBerry has put the company back on solid ground with the recent launch of the Z3. Considered to be a major breakthrough for Blackberry after its recent restructuring, the product has also continued to deepen market penetration as a result of its relatively good price of about N38,000.
4.Nigerian local currency is expected to appreciate at the inter-bank market due to anticipated increase in foreign portfolio inflows at the bond auctions which would likely increase dollar supply.
5. Weststar Associates Limited, an authorised distributor of Chrysler/Jeep/Dodge and Ram in Nigeria is offering the two-door 2014 Jeep Wrangler Sahara, in addition to the already widely sold 2014 four-door model. Weststar’s decision to bring in the two-door Wrangler to Nigeria was based on its desire to deliver a variety of choices to its customers.
6.The Securities and Exchange Commission (SEC) has disclosed plans to raise the capital market contribution to gross domestic products (GDP) from its current level to be at par with markets in Brazil, Singapore and Malaysia.
7.The federal government yesterday concluded an elaborate plan targeted at boosting trade between Nigeria and countries in Asia by 100 per cent in the next 24 months. The fresh Nigeria-Asia trade strategy was fine tuned last weekend by the officials of the Federal Ministry of Industry Trade and Investment and its parastatals, along with Nigeria’s ambassadors across the Asian countries, in a two-day meeting in New Delhi, India reports THISDAY.
8.Successor firms from the privatised Power Holding Company of Nigeria (PHCN) are exploring the application of technology to address both technical and commercial challenges besetting the industry. No fewer than seven of the 11 distribution companies (DISCOs) are in talks with Polish software giant, Asseco Group to deploy its range of solutions to address the teething problems of the industry, The Nation gathered at the weekend.
9.The Nation has said that the Federal Government has been told to provide employment for youths to reduce poverty. This would also remove them from the streets, as well as, being used for other negative tendencies, such as insurgency.
10.In line with the local content policy, the Nigerian Content Development Monitoring Board (NCDMB) plans to establish industrial oil and gas parks in Niger Delta, raising hopes of jobs for skilled and unskilled workers, writes Akinola Ajibade of The Nation. Next year, Nigeria will join the league of countries that own oil and gas parks to manufacture components of equipment used in the sector.
