BUSINESSDAY
Market Starts August On Negative Note As Investors React To Mixed H1 Scorecards
Nigeria’s equities market started the new month of August on a negative note as investors continued to price-in the half-year (H1) financials released by some companies, most of them tilting towards poor earnings. At the close of trading on Tuesday August 1, the Nigerian Exchange Limited (NGX) All-Share Index and equities market… Read More
SUN
MAN Commends Federal Government’s Pledge To Boost Manufacturing, MSMES Sectors
The Manufacturers Association of Nigeria (MAN) has commended President Bola Tinubu on the promise to spend N75 billion to boost the manufacturing sector and N125billion to energise the small and medium scale enterprises(MSMEs). The Director General of the association, Segun Ajayi-Kadir, who made the remark following the president’s speech yesterday, noted that it was a good start to begin to address the… Read More
NAICOM, NCDMB, Others Partner To Boost Local Content Insurance
In their desire to give insurance business prominence and make it a household brand in Nigeria, the National Insurance Commission (NAICOM), the Nigerian Content Development Monitoring Board (NCDMB), Centre for Promotion of Private Enterprises (CPPE), operators in the oil and gas industry and insurance stakeholders have agreed… Read More
PUNCH
AMCON Recovers N1.6tn In 10 Years – MD
The Asset Management Corporation of Nigeria has said it recovered N1.6tn from bad debtors in 10 years of its existence. This was disclosed in a statement signed by the Head of Corporate Communications Department, AMCON, Mr Jude Nwauzor, on Tuesday titled, ‘AMCON, NIFU indispensable agencies in the revival of Nigeria’s… Read More
ECONOMY HEADLINES
VANGUARD
Forex Scarcity Triggers 21% Fall In I&E Turnover To $1.68bn
At the backdrop of the dollar scarcity bedevilling the economy, volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market fell by 21 per cent, month-on-month (MoM) to $1.6 billion in July 2023 from $2.64 billion in June. Vanguard analysis of weekly transactions in the window as published… Read More
SUN
SEC, FMMSD To Collaborate On Capital Raising For Non-Oil Sector
The Securities and Exchange Commission and the Capital Market Community are to partner with the Federal Ministry of Mines and Steel Development and other stakeholders to promote the use of alternative means of raising capital such as non-interest products, tokenisation of assets as well as adopting technologies such as fintech… Read More
PUNCH
Partner Foreign Airlines, NCAA Tells Local Operators
The Nigerian Civil Aviation Authority has encouraged local airline operators to partner with their foreign counterparts to develop the country’s strengthen operations and the aviation industry. The Managing Director of NCAA, Capt. Musa Nuhu, stated this while speaking at the 27th League of Aviation and Airports Correspondent Conference… Read More
POLITICAL HEADLIINES
SUN
Anxiety As Tribunal Reserves Judgment
Former vice president, Atiku Abubakar, has said heaven would not fall if the Presidential Election Petition Court (PEPC) could summon courage to declare him and his Peoples Democratic Party (PDP) winners of the February 25 presidential election. Atiku who urged the court to chose the path of substantial justice over technicalities in… Read More
PUNCH
Ministerial Screening: Kogi Senator Moves Against El-Rufai
The lawmaker representing Kogi West, Senator Sunday Karimi, during the ministerial screening on Tuesday moved against former Kaduna State governor, Nasir El-Rufai. Karimi, after el-Rufai’s presentations, stood up and told the chamber that he had a petition written against the former governor over the issue of insecurity in Southern Kaduna… Read More
TECHNOLOGY HEADLINES
GUARDIAN
NCC Advises Businesses To Adapt To Disruptive Technologies
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has advised businesses to adjust to the potential of disruptive technologies, which have been adopted across the globe for enhanced productivity and sustainability. He told industry leaders and Information and Communication… Read More