GUARDIAN
Selloff In MTNN, 17 Stocks Drag Capitalisation Further By N418 Billion
Following heavy price losses suffered by many blue-chips, especially MTN Nigeria (MTNN) and 17 stocks, transactions on the equities sector of the Nigerian Exchange Limited (NGX) continued on a downturn yesterday, as market capitalisation declined by N418 billion. Following heavy price losses suffered by many blue-chips, especially… Read More
FG Disburses N45.3bn To States, FCT For NG-CARES Programme
The Federal Government has approved the release of 45.3 billion as reimbursement to States and FCT for the implementation of the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG CARES) Programme. The Federal Government has approved the release of 45.3 billion as reimbursement to States and FCT for the… Read More
NAIRAMETRICS
Electricity Customers In Nigeria Fall To 10.94 Million, Revenue Rises
The total number of paying electricity customers in Nigeria grew 1.20% to 10.94 million in Q3 2022 compared to 10.81 million in Q2 2022. However, on a year-on-year basis, customer numbers in Q3 2022 declined by 1.19% from Q3 2021 (11.07 million). This was disclosed by the National Bureau of Statistics on Monday, in its Electricity Report Q3-Q4…Read More
PUNCH
Fuel Subsidy: FG Begins 40% Pay Rise For Workers April Ending
Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay by the end of this month (April), The PUNCH can report. The President, Major General Muhammadu Buhari, retd, is expected to give his final assent for disbursement any moment from now. If the proposal sails through… Read More
ECONOMY HEADLINES
PUNCH
$2.8bn Gas Pipeline Progressing, To Power 3,600MW Plants – FG
The $2.8bn Ajaokuta-Kaduna-Kano natural gas pipeline project being constructed by the Federal Government through the Nigerian National Petroleum Company Limited and its partners, is now 43 per cent completed, the Vice President, Prof. Yemi Osinbajo, announced on Monday. He also revealed that the project would help in generating 3.6… Read More
Inflation Rate Hit 22.04% In March -NBS
The National Bureau of Statistics says Nigeria’s headline inflation rate increased to 22.04 per cent on a year-on-year basis in March 2023. This is according to the NBS Consumer Price Index and Inflation Report for March 2023 released in Abuja on Monday. According to the report, the figure is 0.13 per cent points higher compared to the 21.91… Read More
DAILY POST
NNPCL Has Deepened Investments In AKK, Other Gas Utilisation Projects – Kyari
The Nigeria National Petroleum Company Limited said it is strengthening investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and OB3 gas interconnector to support five billion standard cubic feet per day domestic gas utilisation. Malam Mele Kyari, the Group Chief Executive of NNPC Ltd, disclosed this on Monday at the Nigeria… Read More
POLITICAL HEADLIINES
VANGUARD
Adamawa Gov Poll Crisis: INEC Bars Suspended REC, To Announce Result Thursday
BARRING further unforeseen circumstances, the Independent National Electoral Commission, INEC, will announce the results of the controversial and dramatic Adamawa State governorship election, on Thursday, Vanguard has learned. The INEC will between Tuesday and Wednesday meet as a “Commission” on the matter… Read More
GUARDIAN
Labour Party Sweats As Internal Struggle Tears Structure Apart
Without structure, is it possible for a presidential candidate and his party to win elections in Nigeria? That poser seems to be the subtext of the ongoing leadership disputation within the Labour Party (LP). Without structure, is it possible for a presidential candidate and his party to win elections in Nigeria? That poser seems to be the subtext of the… Read More
TECHNOLOGY HEADLINES
DAILY POST
Nigerian Communication Commission Begins 5-Day Training On Digital Technology For Varsity Staff
The Nigerian Communications Commission, NCC, through the Digital Bridge Institute (DBI) on Monday began a five-day training on advanced digital appreciation programme for 100 staff members of the Igbinedion University, Okada, Edo. DBI is funded by the Nigerian Communications Commission (NCC). Declaring the workshop open… Read More