THISDAY
Stock Market Sustains Profit-taking Momentum, Drops by N673bn
The stock market of the Nigerian Exchange Limited (NGX) yesterday sustained the bearish run as the overall capitalization dropped by N673 billion. The NGX All-Share Index (ASI) depreciated by 1,190.24 basis points or 1.20 per cent to close at 98,121.30 basis points from 99,311.54 basis points when the stock market opened for trading. Also… Read More
SUN
Federal Government Revokes Additional 924 Dormant Mining Licences
The Federal Government through the Mining Cadastral Office has revoked additional 924 dormant mining licences in the country. Minister of Solid Minerals Development Dr Dele Alake stated this at a news conference in Abuja on Wednesday. Dr Alake explained that the revocation was due to a lack of adherence to the mining policy. According to… Read More
PUNCH
Bag Of Rice Costs Importers $58 From India, Say Farmers
The President of the All Farmers Association of Nigeria, Kabir Ibrahim, has disclosed that imported rice from India comes at a landing cost of $58 per bag. Ibrahim, in a recent chat with The PUNCH in Lagos, said local rice was cheaper because of the country’s high exchange rate. “It is not competitive for you to use forex to buy anything and… Read More
BUSINESSDAY
Telcos Renew Push For First General Tariff Hike In 11 Years
Telecom companies have reiterated calls for an increase in prices of calls, data, and other services. They argue that current prices are insufficient to maintain their business operations. This request is contained in a communique signed by the Association of Licensed Telecom Operators of Nigeria (ALTON) and the Association of… Read More
ECONOMY HEADLINES
BUSINESSDAY
Dollar Demand For Education, Health Up $1.8bn In 9 Months
Dollar supply for foreign educational and health-related expenses from the Central Bank of Nigeria rose by 49.22 percent to $1.81 billion in the nine months spanning January to September 2023. According to CBN data, Nigeria’s spending on overseas health-related issues and foreign education increased marginally to $1.81 billion from $1.76… Read More
THENATION
Government Opens Nigerians’ Access To Consumer Credit With N100b
The Consumer Credit Scheme to put money in the pockets of Nigerians, boost manufacturing and stimulate economic growth has been rolled out by the Federal Government. Presidential spokesman Ajuri Ngelale yesterday announced the beginning of the plan following its approval by President Bola Ahmed Tinubu. It is a… Read More
PUNCH
Queues Return As Fuel Scarcity Hits Abuja, Five States
Many filling stations were closed in Abuja and about five other states on Wednesday as the scarcity of Premium Motor Spirit, popularly called petrol caused heavy queues at the few outlets that dispensed the product. Thousands of commuters in the Federal Capital Territory, Nasarawa, Niger, Gombe, Sokoto and Anambra states were left stranded at… Read More
POLITICAL HEADLINES
THENATION
Tax Defaulting Politicians To Be Barred From Contesting
Should the proposed Executive bill be passed, politicians found guilty of tax evasion will be barred from seeking elective offices. The plan was made known yesterday by chairman of the Presidential Fiscal Policy and Tax Reforms Committee Taiwo Oyedele. He said an amendment to an existing tax law will be sent to the National Assembly to… Read More
THISDAY
Tinubu: We Need More Functional Justice System To Protect Rights Of All Citizens
President Bola Tinubu has charged the judicial arm of government to embark on reforms that would ensure a functional justice system that would support a rapidly growing economy, guarantee basic human and political rights of individuals as well as provide security and justice to all Nigerians. Tinubu, who was represented by Vice-President… Read More
TECHNOLOGY HEADLINES
NAIRAMETRICS
AI Workshop: Federal Government Launches Nigeria’s First Multilingual Large Language Model
The Federal Government through the Ministry of Communications, Innovation and Digital Economy, has launched Nigeria’s first Multilingual Large Language Model (LLM) as the country pushes forward to take a leadership position in Artificial Intelligence (AI) development in Africa. The Communications Minister, Dr. Bosun Tijani, who… Read More