BUSINESSPOST
Investors Lose N176bn After MTN Stocks Close Lower At NGX
The bears resurfaced at the Nigerian Exchange (NGX) Limited on Wednesday to cause a 0.32 per cent loss at the close of trading activities. Business Post reports that the bears reversed the previous gains at midweek as a result of profit-taking, particularly in MTN Nigeria, and 13 others. At the close of business, the All-Share Index… Read More
THENATION
BOI Sharpens Focus On Finance, Risk Control With Two New Eds
The federal government has strengthened the management of the nation’s leading development finance institution, Bank of Industry (BOI), with new appointments aimed at enhancing credit risk management and impactful finance for large businesses. President Bola Tinubu appointed Mr. Rotimi Akinde and Mrs. Ifeoma Uz’Okpala as… Read More
SUN
China’s Lending To Africa Rebounds In 2023, Signalling New Strategy
Chinese lending to Africa rebounded in 2023, reaching $4.61 billion after years of decline, a new study shows. This marks the first annual increase since 2016, according to a study by Boston University’s Global Development Policy Centre. While significantly lower than the peak lending period of 2012-2018, when China provided over $10 billion… Read More
VANGUARD
Electricity: Metered Consumers Rises 3.3% To 6.1m In July
The total number of electricity meters provided newly to consumers increased by 3.3 percent on a month-on-month, MoM, basis to 6.1 million in July 2024 from 5.9 million recorded in June. But the total number of electricity registered unmetered customers rose by 0.75 percent during the period to 13.3 million from 13.2 million recorded in… Read More
ECONOMY HEADLINES
BUSINESSDAY
Rising Remittances, Reserves Fail To Shore Up Naira
Nigeria has received more remittances and other inflows over the past year, contributing to an increase in the foreign currency reserves, also known as external reserves. However, these inflows have failed to strengthen the naira. West Africa’s largest economy recorded $553 million in remittances in one year, between July 2023 and July 2024… Read More
SUN
LCCI Strengthens Global Partnerships To Enhance Investment Opportunities
The Lagos Chamber of Commerce and Industry (LCCI) has reaffirmed its commitment to bolstering partnerships with the international business community, aiming to collaborate with investors who share the vision of a thriving and inclusive economy. This pledge was made by LCCI President Gabriel Idahosa during the 2024 LCCI International… Read More
THENATION
32 Inventors, Innovators Get N47m Federal Grants
Federal Government, through Presidential Standing Committee on Innovation and Invention (PSCII), has awarded N47 million to 32 inventors and innovators to six geopolitical zones. Speaking at the Grants Award in Abuja, Minister of Innovation, Science, and Innovation, Uche Nnaji, noted the initiative will foster and promote innovation… Read More
POLITICAL HEADLINES
BUSINESSDAY
Local Government Autonomy: SAN Tasks National Assembly On Enabling Laws
A Senior Advocate of Nigeria, Alex Izinyon, has urged the National Assembly to enact enabling laws to give adequate effect to the judgment of the Supreme Court on local government autonomy. He lamented that despite the efforts of the apex court to ensure smooth administration of the local governments, the National Assembly… Read More
THENATION
Reworked Whistleblowing Bill For National Assembly Soon, Says Edun
President Bola Ahmed Tinubu will soon transmit a reworked Whistleblowing Bill to the National Assembly for legislative action, Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun said yesterday. The minister said that the Federal Government has recovered N83,019,178,375.86; $609,083,391.91 and 5,494,734.71… Read More
TECHNOLOGY HEADLINES
DAILYTRUST
Technology Developers Showcase New Products At Abuja Expo
Farmers and other stakeholders have converged in Abuja for this year’s Nigerian International Agricultural Exhibition. The three days event, which began on Tuesday brought many international technology developers and service providers to network and seek more opportunities to expand the reach of their products and services. Vegetable… Read More