
BUSINESSPOST
Stock Investors Lose N599bn as Profit-Taking Intensifies
For the 14th trading session, the Nigerian Exchange (NGX) Limited closed in the red zone after it depreciated by 1.04 per cent on persistent profit-taking. Yesterday, the selling pressure by stock investors intensified, with the financial services sector suffering the most, as the banking space lost 5.75 per cent, and the insurance index down by… Read More
SUN
NPA To Vacate APM Terminals From Export Screening Gate
In order to discourage delay and boost cargo exportation, management of the Nigerian Ports Authority (NPA) has concluded plans to vacate APM Terminals Apapa from export screening gate starting effective May 1, 2024. Managing Director (NPA), Mallam Mohammed Koko, Bello gave the directive during a quarterly stakeholders meeting organised by… Read More
NAIRAMETRICS
Nigeria Records N234 Trillion E-Payment Transactions In Q1 2024
Electronic payment transactions in Nigeria rose to N234.4 trillion in the first quarter (Q1) of 2024 as more Nigerians went cashless over the period. According to data released by the Nigeria Inter-Bank Settlement System (NIBSS), the value recorded on the Instant Payment (NIP) represents an 89% increase over the N123.9 trillion recorded in Q1… Read More
BUSINESSDAY
We Now Buy Dollars At N980, Sell At N1020 – BDCs President
Aminu Gwadabe, president, Association of Bureaux De Change Operators of Nigeria has said BDC operators now sell US dollars at N1,020/$ while they buy at N980/$. Gwadabe who featured as a guest on Channels’ Business Incorporated program on Tuesday said that the appreciation of the naira happened faster than expected, commending the… Read More
ECONOMY HEADLINES
PUNCH
Marketers Excited As Dangote Slashes Diesel Price To N1,000/Litre
The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel. On Tuesday, the refinery announced a reduction in the price of diesel from N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the downstream oil… Read More
VANGUARD
Bagudu To NIPSS: Interrogate Digital Economy In Agenda 2050, NDP
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has called on the Senior Executive Course 46 of the National Institute for Policy and Strategic Studies, NIPSS, Kuru, Plateau State to critically examine the place of the digital economy in the country’s Agenda 2050 and the National Development Plan (2021-2025). He… Read More
THISDAY
Federal Government, States To Leverage On $750m World Bank-Assisted SABER Programme For Land Reforms, Others
The federal government and the Nigerian Governors’ Forum (NGF) have embarked on a collaborative approach to leverage on the World Bank-assisted $750 million State Action on Business Enabling Reforms (SABER) Programme for critical reforms at the subnational level. The nascent programme is designed to improve efficiency in land… Read More
POLITICAL HEADLINES
THISDAY
Fraud Investigation Into Humanitarian Ministry, EFCC Recovers N32.7bn, $447,000
The Economic and Financial Crimes Commission (EFCC), weekend, said it had recovered N32 billion and $447,000 in the ongoing investigation of the Ministry of Humanitarian Affairs and Poverty Alleviation. EFCC was investigating suspended Minister of Humanitarian Affairs, Betta Edu, following the alleged approval of N650 million payment into a… Read More
PUNCH
Federal Government Writes Governors As Agency Predicts Flooding In 31 States
The Federal Government has written at least 31 governors informing them of the impending flooding in their states between April and November this year. The Minister of Water Resources and Sanitation, Prof Joseph Utsev, stated this on Tuesday in Abuja while briefing journalists on the 2024 Annual Flood Outlook for the country. At the event, the… Read More
TECHNOLOGY HEADLINES
SUN
‘AI No Threat To Insurance’ Artificial Intelligence (AI) is taking over some human job as companies cut incorporate it into day to day operations. It is believed that if more companies in Nigeria incorporate AI, there would be an increase in job loses. At a recent insurance conference, sector experts and analysts unanimously echoed that operators with the support of the National… Read More