SUN

Stocks Traded On NGX Hit N16.4bn

Owing to strong appetite for stocks, its transactional value on the floor of the Nigerian Exchange Limited (NGX) surged significantly by 88.4 per cent to N16.4 billion at the end of March 2024. This was even as the market’s year-to-date (YTD) return stood at 39.8 per cent, up from 33.7 per cent. The stock market dropped by N650.5 billion in… Read More

Federal Government Inaugurates Committee To Drive New Automotive Policy

Nearly one year after it was approved by the Federal Executive Council, the National Automotive Industry Development Plan (NAIDP 2023) on Thursday returned to the front burner when the Federal Government inaugurated the implementation Committee in Abuja. The Industry, Trade and Investment Minister, Dr. Doris Nkiruka Uzoka-Anite… Read More

PUNCH

Discos Make N1tn Amid Grid Crisis, Unmetered Customers Hit 5.8m

Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms over a similar period in 2022… Read More

Banks Can Meet Recapitalisation Deadline — ACAMB

The Association of Corporate & Marketing Communication Professionals of Banks has said that Nigerian banks are well able to meet the new recapitalisation requirements of the Central Bank of Nigeria. In a statement issued on Monday, the association revealed that while banking was safe and sound, it would always have room for… Read More

ECONOMY HEADLINES

SUN

Nasarawa Will Boost Federation Account Through Agriculture, Mining –Governor Sule

The Nasarawa State Governor, Abdullahi Sule, has assured that his administration’s plan is to boost the state’s contribution to the federation account through the development of agriculture and mining sectors. Sule gave the assurance recently while discussing the state’s commitment to diversifying its revenue sources beyond reliance on monthly… Read More

PUNCH

Electricity Tariff Hike Looms As Federal Government Raises Gas Price

The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. Therefore, the rise in the cost of… Read More

DAILYTRUST

NACCIMA Seeks Increased Partnership To Drive Economic Development

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for an increased partnership between government and the private sector. The National President of NACCIMA, Dele Kelvin Oye Esq., during the relaunch of the National Trade Facilitation Committee (NTFC), said collaboration between… Read More

POLITICAL HEADLIINES

THISDAY

Tinubu Leaves For Dakar Today For Inauguration Of Senegal’s New President, Bassirou Faye

President Bola Tinubu will depart Abuja on Tuesday, April 2, 2024, for Dakar, Senegal, to attend the inauguration of Senegal’s President-elect, Bassirou Diomaye Faye. According to a release issued yesterday by presidential spokesperson, Ajuri Ngelale, the President’s trip is on the invitation of the Republic of Senegal. President Tinubu, who is the… Read More

DAILYTRUST

Kebbi Approves N3.34bn Subsidy For 3,344 Prospective Pilgrims

The Kebbi Government says it has approved the subsidy allocation of N3.34 billion to 3,344 prospective pilgrims to this year’s Hajj in Saudi Arabia from the state. The News Agency of Nigeria (NAN) reports that the approval was to complete the payment of additional fares of about N2 million announced by the National Hajj Commission of Nigeria… Read More

TECHNOLOGY HEADLINE

PUNCH

Federal Government Partners US Firm On Cloud Technology

The Federal Ministry of Science, Technology, and Innovation has inked an agreement with Afri-Tech United, a tech consulting firm based in the United States. The collaboration aims to spearhead a transformative cloud migration initiative within the country. The lead partner at Afri-Tech United and a Nigerian IT expert based in the US, Jacob Uwah… Read More