BUSINESSPOST
NGX Index Drops 0.47% As Bearish Sentiment, Profit-Taking Persist
The bearish sentiment and profit-taking witnessed at the Nigerian Exchange (NGX) Limited in the past few days continued as the domestic bourse closed lower by 0.47 per cent on Wednesday. Investors shrugged off the statement made by the spokesman to President Bola Tinubu, Mr Ajuri Ngelale, that the government would retain the current… Read More
SUN
Manufacturers In Dilemma Over Soaring Fuel Prices
Manufacturers in Nigeria have expressed concern that current soaring fuel price is threatening their continued existence. They have therefore urged the Federal Government to rise to their defense and save the sector from total collapse in an already struggling economy. The operators under the aegis of Manufacturers Association of… Read More
PUNCH
NLNG Prolonged Shutdown Threatens Gas Production
The continued shutdown of operations by Nigerian Liquefied Natural Gas Ltd is a looming danger to the country’s annual production of 22 million tonnes of gas, The PUNCH can authoritatively report. Last week Tuesday, NLNG spokesman, Andy Odeh, said the force majeure it declared in October 2022 due to widespread flooding that… Read More
Tackle Soaring Prices, ICSAN Tells CBN
The Institute of Chartered Secretaries and Administrators of Nigeria has urged the Central Bank of Nigeria to manage the rising inflation rate in the country through methods that fits into the country’system. The institute noted that the CBN had tried to control inflation by increasing interest rates on different occasions which was not having real… Read More
ECONOMY HEADLINES
SUN
NNPCL, Afreximbank Seal $3bn Crude Repayment Deal To Redeem Naira
The Federal Government secured a reprieve for the tumbling Naira on Wednesday, with the Nigerian National Petroleum Company Limited (NNPCL) and Afreximbank jointly signing a commitment letter and term sheet for an emergency $3 billion crude oil repayment loan. The signing, which took place today at the bank’s headquarters in Cairo, Egypt… Read More
PUNCH
NEPC Eyes $5bn Non-Oil Export Revenue
The Chief Executive Officer of the Nigerian Export Promotion Council, Ezra Yakusak, has said that the council is targeting over $5bn revenue from non-oil export. He disclosed that this had prompted NEPC to step up its training and sensitisation efforts of intending exporters on appropriate practices and requirements. Speaking during an… Read More
Nigeria Earns $742bn Oil Revenue In 21 Years – NEITI
Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively, between 1999 and 2020, a period of about 21 years, the Nigeria Extractive Industries Transparency Initiative announced on Wednesday. NEITI’s Executive Secretary, Ogbonnaya Orji, announced this at a stakeholders’ roundtable organised… Read More
POLITICAL HEADLIINES
TRIBUNE
Full List: Tinubu Assigns Portfolios To 46 Ministers
Minister of Communications, Innovation and Digital Economy – Bosun Tijani, Minister of State, Environment and Ecological Management – Ishak Salako, Minister of Finance and Coordinating Minister of the Economy – Wale Edun, Minister of Marine and Blue Economy – Bunmi Tunji, Minister of Power – Adedayo Adelabu, Minister of State… Read More
PUNCH
Employment Racketeers Must Be Prosecuted
THE prevalence of job racketeering in the Federal Civil Service was recently publicly confirmed via the scandalous confessions of a former desk officer at the Federal Character Commission, Haruna Kolo, at a House of Representatives committee hearing. His testimony related how money was extorted from jobseekers and implicated the… Read More
TECHNOLOGY HEADLINES
SUN
We Are Working Towards Modern Energy Sourcing –NCC
The Nigerian Communications Commission (NCC) has said it is mulling over the idea of introducing a framework to encourage ethical energy sourcing in the telecommunications sector. The Executive Vice Chairman of the Commission, Prof. Umar Danbatta, disclosed this in a speech at a roundtable with the academia, industry chiefs and… Read More