THIS DAY

Investors’ Interest in Dangote Cement Lift Stock Market by 0.04%

Trading on the stock market of the Nigerian Exchange Limited (NGX) edged a positive performance in yesterday’s session, as the All-Share Index rose marginally by 0.04 per cent over investors renewed interest in Dangote Cement Plc and 10 others. The All Share Index (ASI) rose by 15.88 basis points or 0.04 per cent to close at 43,477.48 basis points from 43,461.60 basis points it opened for trading… Read More

THE SUN

Naira Redesign: Bad Deal for Criminal Entrepreneurs

From December 15, 2022, Nigerians would welcome a newly redesigned naira currency notes which the Central Bank of Nigeria (CBN) said would replace the ones currently in circulation in N200, N500 and N1000 denominations. Citing currency hoarding, inflation, and counterfeiting as key reasons for its decision, the CBN Governor, Godwin Emefiele had argued that an estimated N2.73 trillion… Read More

VANGUARD

Pension Assets Rise 6% to N14.4trn in 9 months

Total pension fund assets has hit N14.4 trillion in the third quarter of 2022, Q3’22, indicating a 6.0 percent growth as against N13.6 trillion in the corresponding g period of 2021, Q3’21. The Federal Government securities accounted for 63.7 per cent of the total pension assets for the period under review, a situation believed to have been triggered by the prevailing high interest rate environment… Read More

NEW TELEGRAPH

LCCI: OPS will Support FG On New National Trade Policy

The Lagos Chamber of Commerce and Industry (LCCI) has disclosed that members of the organised private sector (OPS) are expecting a new national trade policy in the country. This, the LCCI stated, would be in response to the dynamics and new realities of the global trade system in terms of evolution in global production networks and global value chains. The LCCI President, Dr. Michael Olawale-Cole… Read More

ECONOMY HEADLINES

PUNCH

Federal Government Eyes Over 6% Unemployment Rate, Economic Growth

The Federal Government is targeting 6.3 per cent rate, 7 per cent economic growth and 0.3 per cent poverty rate by 2050. This was disclosed by the Minister of Budget and National Planning, Clem Agba, during a pre-National Economic Summit press conference held in Abuja on Wednesday. Agba said the Nigeria Agenda 2050, which was developed by the current administration… Read More

GUARDIAN

Wasting Assets: Experts Doubt Federal Government’s Capacity to Fund N20.51tr Budget

The Federal Government is pitching a possible monetisation of select national assets to partly fund the gapping deficit stuffed into the proposed 2023 appropriation, but early signs coming from ministries, departments and agencies (MDAs) relevant to achieving the plan suggest the process is heading the way of previous similar experimentations. Following expert views, exclusive leads, past trends… Read More

THIS DAY

Building Economic Resilience through Sustainable Investments

The future of the African economy is one that would be driven by huge investments, not aid from the West. The era of aid from the West is fast becoming a mirage. Therefore, African governments should increasingly canvass for investments across all sectors of the economy rather than going cap in hand to the West to beg for aid. On a positive note, statistics show that Africa has shown resilient recovery from the COVID-19 pandemic. Foreign direct investments in Africa declined from $47 billion… Read More

POLITICAL HEADLINES

VANGUARD

Flood: Calls for Resignation of Humanitarian Minister not Appropriate — Presidency

The Presidency said yesterday that the call for the resignation of the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, over her comments on flooding in Bayelsa State was not appropriate for now. It also said the scenes of flooding from Bayelsa State were deeply saddening and that the Federal Government’s thoughts were with victims… Read More

PUNCH

IGP Orders Clampdown on Criminals, Police Acquire Drones

The Inspector-General of Police, Usman Baba, has acquired three high-powered unmanned aerial vehicles for improved armed surveillance operations. The UAVs, he said, would help checkmate criminal activities in the country. According to Muyiwa Adejobi, the Force spokesperson, the IGP’s determination to integrate the use of technology in the Nigeria Police Force’s law enforcement duties… Read More

TECHNOLOGY

NEW TELEGRAPH

5G Acceleration: ‘Telcos Need Cooperation Not Competition

Sensing the slow pace of Fifth Generation (5G) technology in Nigeria and Africa as a whole, industry experts have urged telecommunications companies to collaborate rather than compete in the deployment of the network. It has been predicted by the GSMA that there will be 41 million 5G subscribers in sub- Saharan Africa by 2025 with Nigeria contributing large percentage… Read More