THISDAY
Stock Market Maintains Profit-Taking Momentum, Drops By N949bn Wow
Amidst the backdrop of the Nigerian financial landscape, the Nigerian stock market recorded a dismal performance for the week dropped by N949 billion Week-on-Week (WoW) in market capitalisation. Notably, the Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 1.39 per cent WoW to close at 98,152.91 basis points. Similarly… Read More
Telecoms Operators Urge Federal Government To Address Tariff Review, Regulatory Independence
The Association of Licensed Telecoms Operators of Nigeria (ALTON) and The Association of Telecommunications Companies of Nigeria (ATCON), representing Mobile Network Operators (MNOs) and telecommunication companies in Nigeria, have called on the federal government to take decisive action in addressing tariff review, regulatory independence and other numerous issues confronting the telecommunications industry… Read More
PUNCH
Nine Banks Pay AMCON N306bn Levy
The statutory contribution made by nine banks to the Asset Management Corporation of Nigeria increased by 25.81 per cent to N306.06bn in 2023 from N243.28bn in the previous year. This is based on The PUNCH analysis of the annual reports of the banking groups filed with the Nigerian Exchange Group for the year ended 2023. The banking… Read More
BUSINESSDAY
Rice Millers Roar Back To Life As Cross-Border Paddy Returns
Rice millers that were forced out of business in Africa’s most populous nation are gradually reopening their factories as it becomes affordable to source critical inputs. The millers have the lifting of sanctions on the Niger military junta by the Nigerian government to thank for their renewed ability to import paddy- a key input for their operations. “Some… Read More
ECONOMY HEADLINES
THISDAY
Tinubu Secures $600m Danish Investment To Expand Nigeria’s Existing Seaport Infrastructure
President Bola Tinubu on Sunday secured an investment of $600 million from Danish shipping and logistics company, A.P Moller-Maersk, to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. The Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, made this public during a meeting… Read More
THENATION
Petrol Scarcity Spreads To Lagos, Oyo, Ondo, Osun, Edo, Others
The shortage of petrol yesterday spread to Lagos State. Motorists and others waited for hours in queues at the few filling stations dispensing the product. Other states that experienced acute scarcity are Oyo, Osun, Ondo, Edo, Anambra, Enugu, Abia, Benue, Plateau, Kaduna, Katsina, Niger and Jigawa. The scarcity first hit the Federal Capital Territory (FCT) last week. But an improvement was noticed by The Nation… Read More
PUNCH
Federal Government Harps On Innovation To Grow Agric Sector
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, has emphasised the importance of investing in research and development to grow the agriculture sector of the economy. The minister stated this at the 4th edition of Agric-Investment and Capital Market Conference 2024, in Lagos. Kyari said, “Governments and businesses must… Read More
POLITICAL HEADLINES
THENATION
Tinubu: We’ll Deploy Technology Against Corruption
President Bola Tinubu has stressed the importance of technology in combating corruption and enhancing public-sector performance. He described it as “the enemy of fraud, corruption, and irregularity.” The President spoke during a meeting with Microsoft Founder and philanthropist, Bill Gates, on the sidelines of the World Economic Forum… Read More
VANGUARD
Lagos-Calabar Coastal Highway: Federal Government Begins Enforcement Of Right Of Way
The Federal Government has commenced demolition of properties affected by the right of way of the Lagos-Calabar super highway from the Lagos end. Minister of Works, Engr. David Umahi, who flagged off the exercise weekend, assured those affected that the exercise would be carried out with a human face. The minister in a statement… Read More
TECHNOLOGY HEADLINES
NAIRAMETRICS
NCC Advocates Infrastructure Sharing To Reduce Telecom Costs In Nigeria
The Nigerian Communications Commission (NCC) has advised players in the telecom sector to embrace infrastructure sharing to reduce costs and improve service delivery. The Executive Vice-Chairman of the Commission, Aminu Maida, stated this during the 2nd edition of the West African Telecoms Infrastructure Summit and Exhibition on… Read More