Daily News
PUNCH
Africa Prudential, 25 Others Push Stock Market Lower
The nation’s stock market finished lower on Monday as 26 firms recorded price losses at the end of trading. The Nigerian Stock Exchange All Share Index declined by 0.08 per cent to close at 40,154.09 basis points from 40,186.70bps on Friday. The market capitalisation of equities fell to N21.01tn from N21.03tn on Friday. Africa Prudential Plc led the losers on Monday as its share price… Read More
Petrol Landing Cost Jumps to N186, Oil Hits $64
Against the backdrop of the rising price of oil prices, the landing cost of Premium Motor Spirit (petrol) imported into Nigeria has increased to N186.33 per litre. The PUNCH had exclusively reported on February 9 that the landing cost of PMS rose to about N180 per litre on February 5 from N158.53 per litre on January 7. Crude oil price accounts for a large chunk of the final cost of petrol… Read More
VANGUARD
Shippers Council, NICON Move to Avert N670m Loss to Container Deposit
The Nigerian Shippers Council, NSC, and the National Insurance Company of Nigeria, NICON, have finalised measures to curb the loss of about N670 million suffered by shippers in the country over failure to return empty containers within the time specified by shipping lines. Shippers pay container deposits to shipping lines namely, N300,000 for a 40-foot container or N150,000 for a 20 foot… Read More
GUARDIAN
Stakeholders Advocate Market Incentives to Attract Retail Investors
Experts have called for incentives to attract retail investors and create sufficient local capacity to counter the effects of fleeing foreign portfolio holders. The stakeholders argued that the lull witnessed in the market in the past few years was partly due to the exit of foreign investors, who have created instability in the market. They noted that local investors were the most affected by… Read More
PUNCH
Labour Silent as Buhari, Governors Discuss Fuel Price Thursday
The President, Major-General Muhammadu Buhari (retd.), and the state governors will discuss the issue of fuel pricing Thursday. The Minister of Labour and Employment, Senator Chris Ngige, disclosed this Sunday night after a bipartite meeting of the Federal Government and the organised labour at the Banquet Hall of the Presidential Villa, Abuja. Briefing journalists on their resolutions… Read More
2020 Capital Budget Implementation Worries National Assembly
The leadership of the National Assembly on Monday expressed concern over the low implementation of the 2020 budget despite the three-month extension granted the executive arm of government to implement the capital component of the fiscal document up till March 2021. The leadership of the parliament stated this during a meeting with the Minister of Finance, Budget and… Read More
GUARDIAN
Presidency Promises More Action to Aid Economic Recovery
The Presidency has urged Nigerian’s to expect more efforts to support full economic recovery, following an exit from last year’s recession. Excited over moderate positive growth, the Presidency has declared that the development was a result of the success of the country’s Economic Sustainability Plan. The Senior Special Assistant to the President on Media and Publicity in the Office of the… Read More
VANGUARD
Boko Haram Will Soon Infiltrate Killer-Herdsmen, Bandits — Sheikh Gumi
The Islamic cleric and peace negotiator, Sheikh Ahmad Gumi, has said that Boko Haram would soon infiltrate the Fulani killer-herders that have been in constant clashes with farmers across the country and also involved in banditry. Gumi also said the Fulani herders feel their existence is being threatened, so they cross borders to defend their kinsmen each time they are attacked… Read More
PUNCH
Confusion Responsible for APC’s Extension of Membership Registration – PDP
THE Peoples Democratic Party has mocked the All Progressives Congress for extending its registration exercise by additional three weeks. According to the opposition party, the APC was finding it difficult to manage the exercise owing to the confusion and violent disagreements within their ranks. This was contained in a statement titled, “Extension Won’t Help Your Flopped Membership Drive… Read More
VANGUARD
Huawei Takes ICT to Pig Farming, as Smartphones Sales Drop
Huawei, the Chinese telecoms giant, is turning to technology for pig farmers, as sanctions begin to take a toll on smartphones’ sales, BBC reports. Along with Artificial Intelligence (AI) technology for pig farmers, Huawei is also working with the coal mining industry. It is also looking for other sources of revenue— moving into cloud computing services, smart vehicles and wearable devices…. Read More