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Nigeria to export 348,000 bpd of Qua Iboe crude oil in Sept LONDON: Nigeria will export 348,000 barrels per day of Qua Iboe crude oil in September, lower than the 368,000 bpd initially planned for August, according to a provisional loading programme. The exports will come in 11 cargoes, compared with the 12 planned for August. Qua Iboe has been in high demand over the past month, largely due to buying by Indian refiners. Copyright Reuters, 2015 ...

China's FDI up 8.pc in January-June on M&A: govt BEIJING: Foreign investment into China rose 8.0 percent in the first half of this year as mergers and acquisitions by overseas companies more than quadrupled in value, the commerce ministry said Tuesday. Foreign direct investment (FDI), which excludes financial sectors, totalled $68.41 billion in January-June , the ministry said. "Both the proportion and the transaction value of foreign mergers and acquisitions increased sharply," it said in a statement. It gave the value of M&A activity ...
Taiwan June export orders fall for 3rd month, China demand slumps TAIPEI: Taiwan's export orders fell for a third straight month in June on weak demand from China and other emerging markets in a worrying sign for global technology demand. Last year, strong demand for Apple's iPhone helped power Taiwan's exports, a factor that is missing now. June exports contracted 5.8 percent, roughly in line with a median 5.62 percent fall forecast by economists in a Reuters poll. In May, exports dropped 5.9 percent, the fastest ...
US housing sector picks up in June WASHINGTON: New US home construction and new building permits both jumped in June, demonstrating rising strength in the housing market, the Commerce Department reported Friday.New construction was up 9.8 percent from May to an annual pace of 1,174,000 units, with the greatest strength in multiple unit buildings.Permitting rose 7.4 percent to an annual pace of 1,343,000 units, the gain also most marked in buildings with five or more units.For the first six months of the ...
China June industrial output up 6.8pc on-year: govt BEIJING: China's industrial output, which measures production at factories, workshops and mines, rose 6.8 percent year-on-year in June, the National Bureau of Statistics (NBS) said Wednesday.Retail sales, a key indicator of consumer spending in the world's second-largest economy, increased 10.6 percent last month from the year before, the NBS said. Fixed asset investment, a measure of government spending on infrastructure, expanded 11.4 percent in January-June on-year, the NBS added.Copyright AFP (Agence France-Presse), 2015 ...
China's Q2 GDP growth beats forecasts as stimulus kicks in BEIJING: China's GDP expanded 7.0 percent year-on-year in the second quarter, official data showed Wednesday, beating expectations as months of central bank policy stimulus helped put a floor under the world's second-largest economy.The gross domestic product figure announced by the National Bureau of Statistics (NBS) matched the 7.0 percent expansion in the first three months of this year, and exceeded the median forecast of 6.9 percent in an AFP survey of 14 economists.The figure was ...
Indonesia posts trade surplus in June JAKARTA: Indonesia recorded a trade surplus for the seventh consecutive month in June, official data showed Wednesday, due to a steep fall in imports in Southeast Asia's top economy. The country's statistics agency said Indonesia posted a narrower surplus of $477 million compared to a revised $1.08 billion recorded in May. Exports in June slid 12.70 percent on-year to $13.44 billion while imports plunged 17.42 percent, down $12.96 billion from a year before. "The surplus ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln