Business Nigeria: Today's Business, Economic and Financial Headlines [02-08-2016]

[ProfRem]

Below are some of the busimess, economic and financial headlines in some selected Nigerian Dailies for today, Monday, 2 August, 2016

Economy

FG, Global Steel sign agreement for resuscitation of Itakpe iron ore, Ajaokuta steel coys

Nigeria’s Internet traffic’ll grow six-fold by 2020 — Cisco

CBN intervenes with dollar sales to support naira

FG Harps on Local Production for Economic Diversification

Double Jeopardy for Nigeria, Militants Bomb More Pipelines, Oil Prices Tumble

Nigerian Behind $60m Internet Scam Nabbed

Nigeria good for alternative energy investors – Expert

External reserves drop to $26.2bn

Huawei announces 25% growth in global smartphone shipments

Kaduna to make Kagoro hills world-class tourist site

Chinese firm, CAMCE storms Nigeria to invest $60b Africa nations funds

Banking Sector

Wema Bank To Issue N20bn Bond This Month

Fidelity Bank Reports N6bn Q2 2016 Pre-Tax Profit

Firm Launch First Online Auction Platform in Nigeria

FCMB Group posts N16.3b half-year profit

Fidelity Bank, NEPC inaugurate Zero2Export project

Nigerians urged to Embrace insurance

Aviation

RwandAir Begins Daily Flights To Lagos

Oil and Gas

Oil falls to $42 as Barkindo resumes at OPEC

Oando Posts N27bn H1 2016 Loss

Forte Oil Boss Explains Impressive Half-year Performance

Experts To Govt: Invest N800bn Pension Funds In Housing

Tenants Spend 60% Of Income On Housing



Power

‘DISCOS Retain Only 24% Of Money Collected’

Forex

CBN Intervenes With Dollar Sales To Bolster Naira

Confidence Inching Back to Nigerian Market, Forex Liquidity Improves

Naira drops to 382 as dollar At Parallel Market as scarcity bites harder

 

[PressRoom]

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