BUSINESSPOST
NGX Performance Indicators Close Mixed Amid Profit-Taking
A 0.07 per cent decline occurred at the Nigerian Exchange (NGX) Limited on Wednesday as a result of selling pressure across the major sectors of the market. The key performance indicators closed mixed at midweek, with the All-Share Index (ASI) down by 64.41 points to 95,831.51 points from 95,895.92 points and the market capitalisation up…Read More
PUNCH
Federal Government Demands BVN, NIN For $500m Bond Subscription
The Federal Government has said that investors seeking to invest in its latest financial instrument must disclose specific identification requirements to participate in the exercise. It disclosed this in a Frequently Asked Questions document provided by the Debt Management Office on its website. According to the FAQ, all Nigerian citizens, including… Read More
THISDAY
NGX Reaffirms Commitment To Enhancing Investor Protection, Transparency
The Nigerian Exchange Limited (NGX) has reiterated its commitment to enhancing investor protection measures, reinforcing its dedication to maintaining a secure and transparent trading environment. At a recent event, NGX highlighted its efforts to implement robust mechanisms designed to safeguard investors and uphold market… Read More
BUSINESSDAY
Nigeria’s Rusty FX Market Struggles To Crank
The Central Bank of Nigeria (CBN)’s latest attempt to shore up the ailing naira by offloading a record amount of dollars directly to businesses has not delivered the impact many, including the apex bank itself, expected it would. Since the CBN’s sale of some $815 million directly to businesses from manufacturers to airlines on August 6, the biggest… Read More
ECONOMY HEADLINES
THISDAY
Edun Launches Single Window Project To Boost Trade, Economic Growth
To boost Nigeria’s trade and economic growth, the federal government yesterday launched the National Single Window (NSW) Project kick off workshop in Abuja. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun kicked off the launch of the transformative initiative, which aims to streamline trade processes… Read More
PUNCH
Federal Government Plans Fresh $100bn Investments To Curb Economic Crisis
The Federal Government is planning to invest $100bn annually to tackle the economic challenges in Nigeria, the Minister of Budget and Economic Planning, Atiku Bagudu, declared on Wednesday. Bagudu also said the recent nationwide protest against the bad governance in Nigeria has forced government officials to listen more and… Read More
BUSINESSPOST
Nigeria Increases Passport Fees By 42%
The Nigerian government has announced that from Sunday, September 1, 2024, citizens will have to pay more for obtaining their international passport. In a statement issued by the Nigeria Immigration Service (NIS) on Wednesday night through its spokesman, Mr Kenneth Udo, it was explained that the increment was because of its determination… Read More
POLITICAL HEADLINES
THENATION
Representatives Minority Caucus: Address Insecurity
Minority Leader of House of Representatives, Kingsley Chinda, has decried insecurity in the country and called for action to address the problem. Chinda, in a statement in Abuja, expressed worry at the rate in which “criminal elements seized the nation by the jugular.” He worried that no section appears safe for citizens to live, uplift their wellbeing… Read More
Anti-Graft: NACIWA Urges Full Implementation Of ECOWAS Protocol
The Network of Anti-Corruption Institutions in West Africa (NACIWA) has called for the development of comprehensive guidelines for the full implementation of the ECOWAS Protocol on the fight against corruption. The assembly made the call in a communiqué adopted and signed by all the member states of NACIWA at the end of its… Read More
TECHNOLOGY HEADLINES
NAIRAMETRICS
Tinubu Releases Official Gazette To Criminalize Destruction Of Telecom Infrastructure In Nigeria
President Bola Tinubu has released an official gazette designating telecom infrastructure as critical national information infrastructure and making it a criminal offence for anyone to wilfully destroy such infrastructure in the country. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani disclosed this on… Read More