News Summary, November 13th, 2014 1. Anxiety over economy as oil price drops below budget’s benchmark - Barrel sells for $72.2, govt proposes $77.5 - Guardian A FRESH fall in the price of oil has again challenged the official position that the country is not broke and triggered anxiety about the government’s ability to meet its financial commitments. Indeed, the price of crude oil, the single commodity on which the country relies for the financing of her budgetary plans has now fallen below the benchmark price, both for the current fiscal year and the projection for the next year 2015. The current benchmark price for this year as passed by the National Assembly is $77.5 per barrel of crude oil while the projection for next year’s fiscal plan which is yet to be presented to the National Assembly is fixed at $78 per barrel. theguardianmobile/readNewsItem1.php?nid=36252 2. Japan Moves to Build on $4.2billion Transaction Volume in Nigeria - This Day The performance index of Japanese businesses in Nigeria are beginning to push the business community in the country to concentrate more on the Nigeria market. The Executive President, Japan External Trade Organisation (JETRO), Mr. Tomiyasu Nakamura, who disclosed this at the inauguration of Japan Pavillion at the ongoing Lagos International Trade Fair, held in Lagos, said efforts are being made to connect the players in the Japans private sector with business leaders in Nigeria. thisdaylive/articles/japan-moves-to-build-on-4-2billion-transaction-volume-in-nigeria/193877/ 3. African countries record economic growth without prosperity –Report - Vanguard African countries have continued to record economic growth but are faced with serious problems in health , education, safety and security which have impacted negatively on their long term development and shared poverty, the Africa Prosperity Report said The Africa Prosperity Report l which was launched in Kigali at the annual African Leadership Network conference confirms great successes across the continent in terms of economy and entrepreneurship & opportunity - vanguardngr/2014/11/african-countries-record-economic-growth-without-prosperity-report/#sthash.Phu9a5p1.dpuf 4. Nigeria airlines earn N73bn from ticket sales Nigeria owned airlines realised N73bn from ticket sales in 2013,while international counterparts operating in the country made over N231bn in the same period. The Director, consumer protection , Nigeria civil Aviation Authority, Mr Adamu Abdulahi, disclosed these to our correspondent in an exclusive interview on Tuesday. NPC INFORMATION UNIT THURSDAY 13TH NOVEMBER 2014
Posted on: Sun, 16 Nov 2014 18:06:18 +0000
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