BUSINESSPOST

NGX All-Share Index Rises 0.18% To 65,325.37 Points

Trading activities on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Friday, with investor sentiment remaining strong as a result of sustained bargain-hunting. This pushed the local stock market higher by 0.18 per cent at the close of transactions as investors mop up some mid and large-cap equities across the sectors… Read More

SUN

Manufacturers Task Lagos On Infrastructural Challenge, Others

The Apapa Branch of the Manufacturers Association of Nigeria(MAN), has called on the Lagos State Government to  address issues bordering on logistics and infrastructure. Chairman of MAN, Apapa Branch, Frank Onyebu, made the appeal at  the 12th edition of MAN Apapa Branch Business Luncheon themed: “Facilitating Ease of… Read More

PUNCH

Transportation Cost Increased By 98% In One Month – NBS

THE average cost of bus transportation within Nigerian cities rose from N649.59 in May 2023 to N1,285.41 in June 2023 as the pump price of Premium Motor Spirit rose, according to the National Bureau of Statistics. This means that the cost of intra-city bus transportation rose by 98 per cent or N636 within one month. Figures obtained from the… Read More

VANGUARD

Fresh Fuel Price Hike Looms As Landing Cost Rises By 37.4%

There are strong indications  that pump price of petrol  is expected to record another round of increases, the third within 10 weeks as oil marketers hint that the landing cost of petrol has risen month-on-month, MoM, by 37.4 per cent to N632.17 per litre in July 2023, from N460 per litre in June 2023. The landing cost excludes other additional… Read More

ECONOMY HEADLINES

VANGUARD

ELECTRICITY: Niger, Togo, Benin Owe Nigeria N12.6bn In Q1’23

Amidst growing tension between Nigeria and its northern neighbour, Niger Republic, official report has indicated that Niger together with Togo and Benin Republic indebtedness to Nigeria on electricity supply has hit $16.11 million (about N12.60 billion) as at first quarter of 2023 (Q1’23). This is even as the revenue remittances of the Distribution… Read More

SUN

We will Rewrite Frustrating Tax Laws –Oyedele

Following the inauguration of Presidential Committee on Fiscal Policy and Tax Reforms by president Tinubu, its Chairman, Mr. Taiwo Oyedele has said the committee would seek a repeal of tax laws frustrating operations. At a dinner to celebrate his appointment, Oyedele assured that his earn would not disappoint Nigerians. Instead, help edged… Read More

PUNCH

Naira Slides Further As Dollar Shortage Hits Banks

THE widening gap between the demand and supply of dollars in the banks and at the parallel market has continued to worsen the value of the naira, findings by The PUNCH have revealed. In less than three weeks, the naira lost N100 after sliding from 860/$ to 960/$ at the parallel market as of Friday. Before the Central Bank of Nigeria enabled… Read More

POLITICAL HEADLIINES

VANGUARD

COUP: We Struck To Avert Threat Against Nigeria, Niger — Gen Tchiani

Leader of the military junta in the Republic of Niger, General Abdourahmane Tchiani, said weekend that the coup in which they overthrew President Mohammad Bazoum was well intended and was carried out to avert an imminent threat that would have affected not only the Niger Republic but also Nigeria. This came as the Catholic Bishops… Read More

SUN

Anxiety, Tension, Uncertainty As Nigerians Await PEPT Verdict

Uncertainty, anxiety and tension from different quarters seem to have enveloped the Nigerian political space as the people await the final judgment of the five Justices that heard the petitions filed by the candidates of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, and the Labour Party (LP), Mr. Peter Obi at the Presidential… Read More

TECHNOLOGY HEADLINES

PUNCH

Stakeholders Urge FG To Fast-Track Blockchain Adoption

Stakeholders in the blockchain and fintech ecosystem have called on the Federal Government to implement policies that will foster the widespread integration of blockchain in the country. They stated this during the National Information Technology Development Agency and Stakeholders in Blockchain Technology Association of Nigeria… Read More