BUSINESSPOST
Nigerian Exchange Rallies By 0.49% As Appetite For Stocks Soars
Renewed bargain-hunting extended the stay of the bulls at the Nigerian Exchange (NGX) Limited on Tuesday by 0.49 per cent, an analysis of trading data has shown. This was influenced by the rising appetite for local stocks by investors and traders, who are jostling to quickly key into companies with good prospects, particularly in the financial… Read More
Nigerian Naira Gains As FX Supply Improves
The value of the Nigerian Naira rose against the US Dollar by 0.15 per cent or N17.87 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, August 27, to exchange at N1,594.27/$1 compared with Monday’s closing price of N1,596.60/$1. This feat was achieved on the back of an improvement in the supply of FX into the… Read More
NAIRAMETRICS
Nigerian Manufacturers Ask CBN To Wave Conditions On Forex Policy For Manufacturers
The Manufacturers Association of Nigeria (MAN) has asked the Central Bank of Nigeria (CBN) to wave many conditions of its forex policy for Manufacturers in the country. Chief Bioku Rahman, the outgoing Chairman of the Manufacturers Association of Nigeria (MAN) in Kwara and Kogi, revealed this in Ilorin on Tuesday during the Association’s… Read More
PUNCH
External Auditors To Examine NNPC N2.6tn Subsidy Claim
The Federal Government has finally initiated plans to enlist the services of an external auditor to verify the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited against the government, The PUNCH reports. The yet-to-be-named auditor will assist the Office of the Auditor-General of the Federation in determining the… Read More
ECONOMY HEADLINES
VANGUARD
IMF Hinges Nigeria’s 3.1% Economic Growth Outlook On Stronger Reforms
The International Monetary Fund (IMF), says achieving Nigeria’s projected 3.1 per cent economic growth outlook for 2024 is dependent on the implementation of stronger reforms. Dr Christian Ebeke, IMF Resident Representative, said this at the Lagos Chamber of Commerce and Industry (LCCI) International Business Conference and… Read More
PUNCH
Federal Government, States Raise N100bn For Meter Procurement
The Federal Government and the states have raised N100bn for the procurement of prepaid electricity meters. Minister of Power, Adebayo Adelabu, said this was under the Presidential Meter Initiative programme. Adelabu disclosed this while addressing broadcasters in Ibadan, the Oyo State capital, which was monitored by our correspondent… Read More
THISDAY
FAO: 31.8 Million Nigerians Grappling With Food Insecurity
The Food and Agriculture Organisation (FAO), yesterday said that over 31.8 million Nigerians were suffering from acute food insecurity, worsened by malnutrition among women and children across the country. The organisation disclosed this in its 2024 Cadre Harmonise report, published in collaboration with other development partners… Read More
POLITICAL HEADLINES
BUSINESSDAY
Representatives Move To Pass Bill On Electricity Theft
Hamisu Ibrahim, the Chairman of the House of Representatives Committee on Privatisation and Commercialisation, has affirmed the committee’s commitment to collaborating with relevant House committees to pass a legislation on electricity theft in the country. During an oversight visit to the Eko Electricity Distribution Company (EKEDC) in… Read More
NAIRAMETRICS
How We Made Progress In Saving Nigeria From Huge Debt Liabilities – AGF Fagbemi
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, has stated that the Ministry has made significant progress in saving Nigeria from “huge debt liabilities.”
He disclosed this on Tuesday, August 27, 2024, during the ongoing Nigeria Bar Association Conference in Lagos State, where he participated in a discussion on… Read More
TECHNOLOGY HEADLINES
BUSINESSDAY
NDPHC To Leverage Technology, Others For Company’s Growth – Adighije
Jennifer Adighije, the managing director of the Niger Delta Power Holding Company has pledged to leverage technology and human capital to drive positive change and growth in the organisation. Adighije disclosed this during the handover ceremony in Abuja on Monday. She explained that her vision for the company would be built around… Read More