1.Brent Crude Is Still Diving:
After hitting a 12 year low last week at $27.67 a barrel, Brent Crude is showing no signs of recovering this week.
2.Royal Dutch Shell Boss Says, Bretix Will Not Favour The Company:
The chief executive of Royal Dutch Shell one of the world’s biggest firms, believes that it might be disastrous for the company if Britons were to insist on leaving the European Union in a referendum
3.Saudi Arabia Drops To A Five Year Low:
The Saudi Tadawul All-Shares Index (TASI), dived 6.5% to below 5,500-points just minutes after the start of trading this week.The index closed down 5.4%.
4.Volkswagen CEO To Go Nowhere,Owners Says:
Volkswagen chief executive officer (CEO) has been backed by the companies board despite critism of his handling of the emission crises The company has been facing since last year
5.Germany proposed a petrol tax to help with the migrant crisis:
German Finance Minister Wolfgang Schaeuble has proposed the introduction of a special tax on gasoline in European Union member states to finance refugee-related costs such as strengthening the continent’s joint external borders.
6.South African Real House Prices to Decline This Year:
Absa a South African retail bank this week said when the effect of inflation is taken into account house prices in the country will decline.
7.Emirates NBD Fourth-Quarter Profit Surges More Than 70%:
Emirates one of biggest banks in United Arab Emirates’ reported a 74 percent jump in fourth-quarter profit.The Bank benefited from a decline in bad loan charges and a rise in lending.
8.India Trade Deficit Increases The most Since August as Gold Imports Surges:
India’s trade deficit widened to the most since August as a 179 percent surge in gold shipments slowed an overall decline in imports.
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9.Insurance Heads Says The 2016 Appropriation bill Will Suit The Sector:
Insurance Heads said this week that the proposed N6.08trillion 2016 budget will be good for the sector.
10.CBN to resume disbursement of N213b power intervention fund:
The Central Bank of Nigeria (CBN) may resume disbursement of N213 billion power intervention funds next month, following the planned implementation of the new electricity tariff regime slated for take-off on February 1.The Nation Reports