BUSINESSPOST
Equity Market Sinks 0.35% As Traders Offload OANDO, FBN Holdings
The equity market reacted to the release of the much-awaited financial statements of Oando Plc on Tuesday, closing lower by 0.35 per cent, erasing the gains recorded a day earlier. The investing community had been on the lookout for the financial results of the energy firm, especially after the Securities and Exchange Commission (SEC) came hard… Read More
SUN
Shippers’ Council Enlists 160 Operators Into Port Service Provider Platform
The Nigerian Shippers Council (NSC) has enlisted 160 port operators into its Regulated Port Service Provider and Users platform since the initiative came into existence in 2023. Speaking on the sideline of a sensitisation programme by the commission for port operators in Lagos, the Executive Secretary of NSC, Mr. Pius Akutah, said that the 160… Read More
VANGUARD
Recapitalisation Will Empower Banks To Lend More To Economy — CIBN
Chartered Institute of Bankers of Nigeria, CIBN, has expressed support for the ongoing banking recapitalization exercise saying it will empower banks to lend more to the economy. CIBN President, Dr. Ken Opara stated this yesterday while speaking at the annual lecture of the institute in Lagos, with the theme “Improving Availability of Credit in the… Read More
BUSINESSDAY
FAAN Reopens Lagos Runway After Dana Incident
The Federal Airports Authority of Nigeria (FAAN) has reopened the runway 18L/36R for flight operations on Tuesday night. This development follows the earlier closure of the runway on Tuesday morning due to an incident involving a Dana Air aircraft, with registration number 5N-BKI, which overshot the runway during its landing sequence. Prompt… Read More
ECONOMY HEADLINES
SUN
Dangote Slashes Diesel, Jet A1 Prices To N940, N980/Litre
In a move aimed at creating fair pricing for its products, Dangote Petroleum Refinery has again announced a further slash in the prices of both Automotive Gas Oil (AGO), popularly called diesel and aviation fuel(jet A1) to N940, N980 per litre respectively. The slash is coming two weeks after the oil firm announced a price reduction from N1,200… Read More
Federal Government Launches Digital Platform To Monitor Duty Exemptions, Plug Leakages
In a move aimed at streamlining fiscal management, the Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, has announced the integration of the Incentive Monitoring and Evaluation Platform (IMEP) into the Import Duty Exemption Certificate (IDEC) programme, creating opportunity for enhanced monitoring… Read More
PUNCH
Nigeria Eyes Fresh $10bn Investment In 0il & Gas Sector
The Federal Government is aiming to attract about $10bn worth of investment through the signing of the consolidated guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector. The guidelines, a cornerstone of the Presidential Directives, are aimed at enhancing the Nigerian oil & gas sector’s global competitiveness whilst… Read More
POLITICAL HEADLINES
THENATION
Northern Youths Pass Vote Of Confidence On Tinubu’s Polices, Appointees
President Bola Tinubu has received a vote of confidence from youths across the 19 Northern States for demonstrating commitment to the socio-economic advancement of the region. Under the auspices of the Progressive Northern Youth Forum (PNYF), the group praised President Tinubu’s policies and appointments of its illustrious sons and… Read More
SUN
Tinubu Approves 20% Of Palliatives, School Feeding Programme To Go Through Religious And Traditional Institutions
President Bola Tinubu has approved that 20 per cent of the palliative interventions as well as school feeding programmes be routed through religious organisations and the traditional institutions. Vice President Kashim Shettima made the disclosure at the unveiling of plan to improve nutrition across Nigeria, at a High-Level Dialogue of Faith Leaders on… Read More
TECHNOLOGY HEADLINES
BUSINESSDAY
Our Job Is To Protect Your Data Rights – Olatunji, National Commissioner/CEO, NDPC
In June 2023, the Nigeria Data Protection Bill was signed into law by President Bola Tinubu, after it was proposed by his immediate predecessor, Muhammadu Buhari. The law provided the much-needed legal structure to protect citizens’ personal information and the entire data processing process in Nigeria. The law also created the Nigeria Data… Read More