DAILYTIMES

Equities Market Begins Week On Bullish Note As Investors Gain N1.855trn

The domestic equities market yesterday kick-started the week on a positive note, as gains in newly listed Transcorp Power Plc and 25 others lifted the overall market capitalisation by N1.855 trillion. Transcorp Power listed 7.5 billion shares at N240.00 per share, amounting to N1.8 trillion on the main board of NGX. The All-Share Index (ASI) gained… Read More

PUNCH

Discos Reject 1,769MW Of Electricity Amid Widespread Blackout

Despite the widespread blackout and the worsening state of electricity supply in Nigeria, the latest figures on the daily load summary of power distribution companies indicate that the firms failed to distribute about 1,769.91 megawatts of electricity between February 1 and 14, 2024. Data from the Transmission Company of Nigeria, obtained in Abuja on… Read More

Banks Involved In 70% Of Financial Crimes – EFCC

The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria. EFCC’s Chairman, Ola Olukayode, disclosed this while speaking in Abuja at the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria… Read More

SUN

March 31 Deadline For Filing Tax Returns Sacrosanct –LIRS

In compliance with the stipulations outlined in the Personal Income Tax Amendment Act (PITA) Cap P8 2011, the Lagos State Internal Revenue Service (LIRS), has issued a formal notification to all individual taxpayers, including self-employed individuals and employees under the PAYE Scheme to file their Annual Tax Returns on or before 31st… Read More

ECONOMY HEADLINES

DAILYTRUST

Federal Government Seeks $2.5b Investment To Deliver 1M CNG Vehicles

The federal government has revealed the need of $2.5 billion worth investment from the private sector to deliver one million vehicles to Compressed Natural Gas (CNG) before 2027. The Head of Media Relations of the Presidential Compressed Natural Gas (CNG) Initiative (PCNGI), Taiwo Fashipe, stated this during the commissioning of MBH Power… Read More

SUN

Nigeria In Stable Debt Situation –CBN

Despite the short-term concerns linked to poor global market conditions and the government’s rising debt burden since COVID-19, the Central Bank of Nigeria (CBN) has stated that the debt situation in the country is stable. The CBN governor, Mr Olayemi Cardoso, disclosed this at a workshop on Medium Term Debt Strategy… Read More

Nigeria, US, Others Collaborate To Combat Illegal Trade

In its resolve against illegal trade and trafficking in wildlife, the Nigeria Customs Service (NCS) is perfecting arrangements to extend capacity building in the area to all officers and men of the service. This is as a team of international partners, including the United States, has promised assistance, particularly in training expertise and technology to… Read More

POLITICAL HEADLIINES

PUNCH

Food Crisis: OPS Warns Of Shutdown As Hoodlums Loot More Trucks

The organised private sector has expressed concern about the spate of looting of trucks conveying food and raw materials by suspected hoodlums, warning that it can lead to a shutdown of industries across the country. Members of the OPS, gave the warning on Monday in separate interviews with The PUNCH just as miscreants attacked… Read More

SUN

Tinubu’s Reform Will Fortify Nigeria’s Economic Foundation –Shettima

Vice-President Kashim Shettima has said the reforms initiated by the President Bola Tinubu’s administration would fortify Nigeria’s economy for growth and future benefit of all citizens. He stated this during the inauguration of the Outsource to Nigeria Initiative (OTNI) in Gombe, yesterday. He described Tinubu as a refined economic strategist… Read More

TECHNOLOGY HEADLINE

PUNCH

Startup Act Will Revolutionise SMEs – NITDA

The Director General of the National Information Technology Development Agency, Kashifu Inuwa, has said the Startup Act will revolutionise Small and Medium Enterprises. He made this disclosure during the signing of a memorandum of understanding between NITDA and the Small and Medium Enterprises Development Agency to implement the… Read More