BUSINESSPOST
JAPAUL, GTCO, 14 Others Jumpstart Stock Market By 0.13%
The domestic stock market rebounded by 0.13 per cent on Monday after going down for 11 straight sessions as a result of sustained profit-taking by investors. The Nigerian Exchange (NGX) Limited was jumpstarted yesterday by Japaul, GTCO, FTN Cocoa and 13 other equities on the back of bargain-hunting activities by traders. Japaul rose by… Read More
PUNCH
Federal Government To Unbundle 11 Discos, Orders Sale Of Four
Power distribution companies in Nigeria are currently being unbundled along state lines due to their large sizes that often result in efficiency and ineffectiveness, the Federal Government declared on Monday. It stated that the privatisation of the firms would not be reversed, but stressed that the Discos would be broken into more efficient structures along… Read More
VANGUARD
Federal Government Urges Oil & Gas Operators To Leverage Capital Market For Funding
The Federal Government (FG) has urged the oil and gas operators to create ingenious ways of raising capital especially leveraging the nation’s capital market to expand their investment and tackle myriads of problems facing the sector. Minister of States for Petroleum Resources, Heineken Lokpobiri stated this at the Seplat Energy anniversary… Read More
N200bn Intervention Fund: Federal Government Begins Disbursement To MSMEs, Manufacturers
The Federal Government said it will soon commence the loan disbursement process for micro, small and medium enterprises (MSME) and manufacturing sectors under the Presidential N200 billion Intervention Fund scheme. Recall that President Bola Tinubu launched the scheme on October 17, 2023, to cushion the effects of the… Read More
ECONOMY HEADLINES
PUNCH
Naira Rebound: Rice Falls To N67,000 In Lagos, Abuja, Cheaper At Borders
Following the recent rebound of the naira against the dollar, the price of a 50 kilogramme bag of rice has dropped to an average of N67,000 in Lagos, Abuja, Ogun, and others, from about N90,000 in February 2024. In communities close to the borders, our correspondents gathered that the staple was selling at a much lower rate compared to what… Read More
THISDAY
Ekpo: Federal Government Will Deploy Its Massive Gas Resources To Benefit All Nigerians
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has stated that the ministry would ensure the country’s abundant gas resources is exploited, developed and used for the benefit of all Nigerians. The minister, according to a statement from the Deputy Director of Press and Public Relations in the petroleum ministry, Oluwakemi… Read More
SUN
Fresh Produce Accounts For 50% Post-Harvest Losses In Nigeria –USAID
The United States Agency for International Development (USAID) has stated that about 50 per cent of fresh agricultural produce in Nigeria is lost at the post-harvest stage. The Mission Director, USAID, Melissa Jones, who stated this at the first post-harvest connect conference and exhibition in Abuja recently, said such losses are partly responsible for… Read More
POLITICAL HEADLINES
PUNCH
Inspector-General of Police Warns Of Governors’ Excesses As Federal Government Insists On State Police
The Inspector-General of Police, Kayode Egbetokun, has rejected the state police proposal, warning that the governors can abuse the outfit for political or personal gains and compromise human rights and national security. The IG stated this at the national dialogue on state policing organised by the House of Representatives in Abuja, on… Read More
VANGUARD
Tinubu Advocates African Comprehensive Approach To Combating Terrorism
President Bola Tinubu on Monday, stressed the necessity for Africa to take a comprehensive approach to combating terrorism, not only through might, but by addressing the root causes of the scourge, including poverty, inequality, and social injustice. Speaking at the African High-level Meeting on Counter-Terrorism in Abuja, President Tinubu called for… Read More
TECHNOLOGY HEADLINES
TRIBUNE
We Need Advanced Technology To Fight Insecurity, Zamfara Governor Tells UN
Governor Dauda Lawal has emphasized the pressing need to deploy advanced technology to combat insecurity in Zamfara State and Northern Nigeria in general. Lawal, alongside nine other governors from the North-West and North-Central are currently in the United States of America for a symposium on “Peace and Security,” organized by the Africa… Read More
