BUSINESSPOST
Bulls Lighten Customs Street By 0.21% On Renewed Buying Pressure
The Nigerian Exchange (NGX) Limited returned to the green territory on Thursday following renewed buying pressure from investors, who mopped up some stocks with sound fundamentals. This came despite profit-taking in the banking and industrial goods sectors, which depreciated by 0.75 per cent and 0.01 per cent, respectively. The gains… Read More
SUN
Federal Government Unveils Committee To Advance Risk Management In Nigeria
To bolster Nigeria’s approach to risk management, the Federal Government has inaugurated a new committee dedicated to evaluating and addressing various national risks. The announcement was made by the Managing Director and Chief Executive Officer of the Bank of Industry, Dr. Olasupo Olusi, during the Chartered Risk Management… Read More
THENATION
Naira To Rebound On $500m Diaspora Bond Issuance
The naira is set for a major rebound following the successful issuance of $500 million diaspora bond, and return of the Retail Dutch Auction System (RDAS), analysts have predicted. In an emailed note to investors released yesterday, Managing Director, Financial Derivatives Company (FDC) Limited, Bismarck Rewane, explained that… Read More
VANGUARD
Federal Government Okays 50% Electricity Subsidy For Hospitals
The Federal Government has approved a 50 per cent subsidy for the electricity consumed in public hospitals across the nation. This followed a promise by the Minister of Power, Adebayo Adelabu, that the federal government would subsidise electricity in hospitals and universities, even if they were on Band-A feeders. The approval came as… Read More
ECONOMY HEADLINES
DAILYTRUST
Crash Food Prices In 1 Month, Federal Government Tells Traders
The federal government has given a one-month moratorium to traders and market associations involved in fixing exploitative prices on goods and services in the country to crash the prices. The Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Mr Tunji Bello, gave this directive in… Read More
THENATION
Manufacturing Gets N74b To Boost Production
Development Bank of Nigeria (DBN) has disbursed N112 billion in loans to some 11,859 companies operating in key sectors of the economy. A breakdown indicated that a total of N74 billion was disbursed to about 3,696 end-borrowers in the manufacturing sector while N38 billion was loaned to 8,163 end-borrowers in the agriculture… Read More
THISDAY
CRC Credit Bureau: 30m Nigerians Now Have Credit Scores
CRC Credit Bureau has announced that over 30 million Nigerians now have credit scores from its repository. The milestone, the company said, highlights its commitment to enhancing financial inclusion and fostering economic growth in Nigeria. Throwing more light on the importance of Credit Scores in a press statement, it said credit score is a… Read More
POLITICAL HEADLINES
THENATION
Group Lauds Tinubu’s Appointment Of New DGs For DSS, NIA
The Advocates of Justice in Africa (AJA) has commended President Bola Tinubu for appointing new Directors-General for the Department of State Services (DSS) and National Intelligence Agency (NIA). In a statement by Barrister Johnson Ali Usman, the group said Mohammed Mohammed and Adeola Ajayi’s appointments demonstrate… Read More
Rule Of Law Must Serve All, Says NBA President
The Nigerian Bar Association (NBA) will hold governments at all levels accountable, its president Mazi Afam Osigwe (SAN) vowed yesterday after being sworn in. He said the NBA would ensure that the rule of law is complied with and that it serves all irrespective of status. Osigwe decried the loss of confidence in the judiciary and announced… Read More
TECHNOLOGY HEADLINES
PUNCH
Nigeria Ranks 24th In Digital Development In Africa
Nigeria, Africa’s most populous nation, has ranked 24th on the continent in terms of digital development, according to a new report by Statisense. The report released on Thursday, which evaluated countries based on their Information and Communication Technology development index, places Nigeria behind several smaller… Read More