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Day: 18 November 2013

Business

OPEC Pumps 29.9mbpd of Crude in October

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
Crude oil production from the Organisation of the Petroleum Exporting Countries (OPEC) was unchanged at 29.93 million barrels per day (mbpd) in October following production of 29.91 million b/d in...
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Asia Pacific

Cockroach farms multiplying in China

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
This squat concrete building was once a chicken coop, but now it’s part of a farm with an entirely different kind of livestock — millions of cockroaches.   Inside, squirming...
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Business

W’Bank Harps on Financial Inclusion in Nigeria, Others

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
The World Bank has advised Nigeria and other developing nations to continue to implement policies that will enhance financial inclusion in their countries.   Low-income countries benefit mostly from technological...
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Markets

First Bank Promotes Savings Culture

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
As part of efforts to foster a strong savings culture among teenagers, First Bank Nigeria Limited, under its ‘FutureFirst’ initiative organised a forum for secondary school students in Lagos State...
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Business

More Winners Emerge in Ecobank Promo

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
More winners have emerged in the Ecobank ‘giant- give-away- promo’ which was introduced by the bank to reward its customers.   A statement said the draw, which took place in...
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Asia Pacific

The Assam Rape Festival in India begins this week

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
Men in India are already beginning to celebrate as the annual Assam Rape Festival is just days away. Every non-married girl age 7-16 will have the chance to flee to...
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Markets

Analysts Positive on LASG N87.5bn Bond Offer

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
Analysts at Meristem Securities Limited (MSL) have rated the N87.5 billion bond issuance by the Lagos State Government as a good investment opportunity.  After raising N80 billion last year under...
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Markets

UBA Maintains 60% Liquidity Ratio

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
Following the indication that the eight financial institutions designated as Systemically Important Banks (SIBs) would be required to raise their liquidity ratio, a report has shown that the United Bank...
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Markets

FG to Reduce Domestic Borrowing by 75% in 2016

Codewit Correspondent Codewit CorrespondentNovember 18, 2013
The Debt Management Office (DMO) has stated that the federal government is committed to its fiscal consolidation programme aimed at reducing domestic borrowing to make room for the private sector,...
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Nigeria News

ASUU strike: NSCDC begins 7-day fasting, prayers

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiNovember 18, 2013
Abuja – The Nigeria Security and Civil Defence Corps (NSCDC) on Thursday began seven days fasting and prayer for an end to the lingering Academic Staff of Union of Nigerian...
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