BUSINESSPOST
BUA Cement, 24 Others Sink Customs Street by 0.67%
Customs Street was further down by 0.67 per cent on Tuesday after 25 stocks, led by BUA Cement, ended on the losers’ chart at the close of trading activities. Business Post reports that the Nigerian Exchange (NGX) Limited closed lower yesterday despite bullish investor sentiment as the bourse finished with 30 price gainers, indicating a positive… Read More
PUNCH
Federal Government Spends $600m On Fuel Importation Monthly – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country currently spends $600m on fuel importation monthly. He stated that the high import bill is due to neighbouring countries, up to Central Africa, benefiting from the country’s fuel imports. The minister stated this during an interview on… Read More
THENATION
Credit Scheme: ‘151 Finance Houses Keen’
One hundred and fifty one financial institutions have shown interest on the consumer credit scheme by Nigeria Consumer Credit Corporation (CREDICORP). They include commercial banks, microfinance houses, finance companies, fintechs, mortgage banks, and cooperatives. CREDICORP is a Federal Government corporation with a… Read More
SUN
NGX Slumps As Global Tensions Trim N371bn From Investors’ Wealth
The Nigerian Exchange Limited (NGX) on Tuesday, extended its previous day losses declining by N371 billion as investors continue to react to the volatility in the global stock market. The benchmark All-Share Index (ASI) dropped by 653.89 basis points or 0.67 per cent, closing at 96,928.52 basis points from its opening value of… Read More
ECONOMY HEADLINES
SUN
Federal Government Unveils Comprehensive Strategy For Economic Growth, Citizens’ Welfare
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has detailed the federal government’s ambitious plan to rejuvenate the economy while prioritising the welfare of its citizens. Edun, at a recent television interview, underscored the government’s commitment to food security, aiming to make nutritious food affordable and… Read More
PUNCH
Import Duty Waiver On Rice, Others Begins Next Week – Federal Government
The guidelines for the suspension of customs duty and taxes on imported food items are to commence next week, the Federal Government announced on Tuesday. In July the Federal Government approved a 150-day duty-free window to allow the importation of maize, husked brown rice, and wheat as part of measures to combat rising food inflation… Read More
THISDAY
Federal Government Moves To Revive Moribund Cotton, Textile Industry
The federal government in collaboration with the International Cotton Advisory Committee (ICAC), has commenced moves towards the resuscitation of Nigeria’s moribund cotton industry. The target is to create over 1.4 million jobs annually in the cotton/textile sector, while the focus is to develop key components of the cotton value chain… Read More
POLITICAL HEADLINES
SUN
Reps Under Pressure To Probe Petroleum Committee Over Graft Allegations
House of Representatives is under pressure by 23 civil society organisations (CSOs), to probe the Committee on Petroleum Resources (Downstream). This is even as it called on the leadership of the House to suspend the committee Chairman, Ikenga Ugochinyere. The CSOs, in a petition, dated August 5, 2024, and signed by Leader of… Read More
VANGUARD
Tinubu Appoints New Heads Of Agencies Under Ministry Of Humanitarian Affairs
PRESIDENT Bola Tinubu has approved the appointment of seven persons to head strategic agencies and programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development. A statement issued last night by Presidential spokesman, Chief Ajuri Ngelale, explained that the appointment was aimed… Read More
TECHNOLOGY HEADLINES
SUN
Federal Government Tasks NBTE, NERDC On Development Of Skills Curriculum The Minister of Education, Prof. Tahir Mamman, has charged the National Board for Technical Education (NBTE) and the Nigerian Educational Research and Development Council (NERDC) to develop skills curriculum for adoption and implementation. He gave the charge at a one-day Pre-Validation Meeting of Stakeholders on the… Read More