BUSINESSPOST
Buy Pressure Further Pushes NGX Index Forward By 1.55%
For the second straight trading session, the Nigerian Exchange (NGX) Limited finished in the positive territory, growing by 1.55 per cent on Thursday. The growth was influenced by the buying pressure on some financial and consumer goods equities trading at relatively cheaper prices at the market currently. Sterling Holdings, Nigerian Breweries… Read More
SUN
Pension Fund Assets Hit N16.76trn In H1 2023
The National Pension Commission (PenCom) has announced an increase in pension assets by N1.77 trillion, propelling the total assets from N14.99 trillion in December 2022 to N16.76 trillion by the end of June 2023. The Director-General of the PenCom, Aisha Dahir-Umar, announced this during the Commission’s 2023 media conference held in… Read More
PUNCH
Palliative: MAN, LCCI Demand More Interventions From Federal Government
The Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry have called on the Federal Government to put in place more measures that the organised private sector to cushion the impact of the removal of fuel subsidy. The manufacturers and commerce chamber, in two separate statements made… Read More
NNPCL, NIPCO Begin Autogas Stations Deployment
The Nigerian National Petroleum Company Limited, on Thursday, announced its partnership with Nipco Gas Limited for the development and deployment of Compressed Natural Gas stations across the country. CNG, popularly called autogas, is another form of fuel that could be used in automobiles, and the push for its adoption had been high since the… Read More
ECONOMY HEADLINES
VANGUARD
Consumers Pay N247bn For Electricity In Q1’23
Consumers in the country paid N247.1 billion for electricity in the first quarter of 2023, an increase of 1.14 percent compared to N243.65 billion paid in the fourth quarter of 2022, the latest report from the Nigerian Electricity Commission, NERC, has shown. In its 2023 first quarter report released yesterday, NERC stated that the total revenue… Read More
PUNCH
High Interest Rate Affecting Non-Oil Export, Says NEPC
The Chief Executive Officer of the Nigerian Export Promotion Council, Dr Ezra Yakusak, has said that limited access to banks’ financial services by exporters is one of the significant challenges stifling the smooth growth of non-oil export in the country. Yakusak said this on Thursday, while speaking with export desk officers from 29 financial… Read More
High Food Prices Loom, USAID Warns Nigeria, Others
The United States Agency for International Development has warned Nigeria and other African countries to brace up for higher food prices, following recent developments that have temporarily halted Ukraine’s food exports to African countries. USAID’s Deputy Administrator for Policy and Programming, Isobel Coleman, said this on Thursday at a… Read More
POLITICAL HEADLIINES
SUN
APC Probes Adamu, Others As Ganduje Emerges New Chair
The National Executive Committee (NEC) of the All Progressives Congress (APC) has set up an external audit panel to scrutinise financial transactions under the leadership of its erstwhile chairman, Abdullahi Adamu. This is as former Kano State Governor, Abdullahi Umar Ganduje and Ajibola Basiru, yesteday, emerged national chairman… Read More
VANGUARD
Subsidy Removal, Pain Nigeria Must Undergo To Emerge ‘Victorious’ – Soludo
Governor Chukwuma Soludo of of Anambra state, has described the removal of fuel subsidy as a pain Nigeria must undergo before it will emerge “victorious.” Soludo made this assertion during the commissioning of the Solution Innovation District in Awka, the state capital on Thurday. The governor stressed the need for the country to embrace its… Read More
TECHNOLOGY HEADLINES
SUN
NCC To Introduce Policy To Encourage Ethical Energy Sourcing
The Nigerian Communication Commission (NCC) has said it recognises the importance of clean energy usage in the telecommunications sector, as it commits to promoting regulatory initiatives that would encourage the adoption of renewable and ethical energy sources. The Executive Vice Chairman (EVC), Professor Umar Danbatta, disclosed this… Read More