1.Nigeria loses $3.3b to IOCs, Shell and others:
Nigeria lost $3.3 billion extraordinary tax breaks granted by the government to some of the world’s biggest oil and gas companies, Says ActionAid. The companies include Shell, Total and ENI.
2.Nigeria-France trade volume hits 5.6 bn Euros,The Nation:
The volume of bilateral trade between Nigeria and France has hit over 5.6 billion Euros, signifying an increase in the number of French companies operating in the country.
3.Netflix Income Increases to 22.8%, sending stock up almost 9% In fourth quarter:
Netflix income booms, sending stock up almost 9%,and also predicted that it will be in adding roughly 6 million new subscribers in the first quarter of the year.
4.Shell Profit Drop As Oil Price Plunges:
Royal Dutch Shell PLC said this week that its fourth quarter profit for December 2015 fell by as much as 50%,showing how the ongoing slump in oil prices,is playing havoc with the performance of the oil group as it tries to take over BG Group PLC in April.
5.IBM Surpasses Revenue Projection But Stocks Decline:
IBM reported the quarterly revenue of last year,but stocks plunges roughly 3.5%.it has reported declining year-over-year revenue for 15 quarters back-to-back.
6.Brent Crude Slides Past $28 Per Barrel:
Brent crude slides past $28 per barrel mark in overnight trading, hitting $27.82.This is the first time in almost 13 years.