BUSINESSPOST
NGX Index Recovers 0.18% On Renewed Bargain-Hunting By Investors
The Nigerian Exchange (NGX) Limited rebounded by 0.18 per cent on Wednesday following renewed bargain-hunting by investors. The consumer goods sector witnessed profit-taking yesterday as it lost 0.30 per cent, but this was not enough to further weaken the market at the close of trading activities. This was because the banking space rose by… Read More
TRIBUNE
CBN Injects $876m Into Forex Market To Enhance Liquidity
In the latest testament to the Central Bank of Nigeria’s (CBN) ongoing commitment to support the proper functioning of the foreign exchange market by enhancing liquidity when necessary, the apex bank offered $876 million to fulfil bids submitted by customers at an auction concluded on Wednesday, August 7, 2024. In line with its pledge to… Read More
BUSINESSDAY
Federal Government Sets Guidelines For $500m Domestic Bond Issuance
The federal government has rolled out initial guidelines for the issuance of a $500 million Series 1 domestic bond set to debut later this month. The bond, which is the first dollar-denominated instrument to be launched locally, is five-year tenured and will offer a medium-term investment opportunity for investors looking for stable returns. The bond… Read More
THISDAY
SEC To Outline Agenda For Capital Market At CMC Meeting
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is set to outline the Commission’s vision for the Nigerian capital market at the second Capital Market Committee (CMC) meeting. The meeting which would hold in Lagos on August 14, 2024, aims to develop strategies for enhancing the capital… Read More
ECONOMY HEADLINES
VANGUARD
Power Sector Has Improved Under President Tinubu — Minister
The Minister of Power, Chief Adebayo Adelabu, has declared that there has been improvement in the power sector following the reforms introduced by the President Bola Ahmed Tinubu administration. A statement by the ministry on Wednesday said Adelabu stated this during the first meeting of the Inter-Ministerial Power Sector… Read More
THISDAY
UNICEF Builds, Handovers 720,000 Litres Capacity Oxygen Plant To Rivers Government
The United Nations Children Emergency Fund (UNICEF), has handed over a 720,000 litres capacity oxygen plant to the Rivers State Government. The plant located at the premises of the Eleme General Hospital in Eleme Local Government Area was built in partnership with the Federal Government, Canadian Government, Rivers State Government… Read More
PUNCH
Housing Ministry, Airforce Partner On Affordable Housing
The Federal Ministry of Housing and Urban Development has partnered with the Nigerian Air Force to provide affordable housing for its personnel. The Minister of Housing and Urban Development, Ahmed Dangiwa, disclosed this during a courtesy visit by the Chief of Air Staff, Air Marshal Hassan Bala Abubakar, to the Ministry in Abuja. This was… Read More
POLITICAL HEADLINES
NAIRAMETRICS
President Tinubu Appoints 30 New Members To Governing Councils Of Federal Colleges Of Education
President Bola Tinubu has approved the appointment of 30 individuals to the governing councils of six federal colleges of education across Nigeria. This announcement was provided by Ajuri Ngelale, Special Adviser to the President (Media and Publicity), in a statement released on August 7, 2024, and published on the… Read More
THENATION
Representatives Salary Is N600,000, Not N900,000, Says Spokesperson
The monthly salary of a member of the House of Representatives is N600,000 and not the N900,000 that is being speculated, House spokesman Akin Rotimi has said. In a statement yesterday in Abuja, Rotimi reaffirmed the commitment of the Green Chamber to the 50 per cent deduction in the salary of its members to reduce hardship. “The House of… Read More
TECHNOLOGY HEADLINES
THISDAY
NCC Partners NITRA On ICT Growth Conference 4.0 The Executive Vice Chairman (EVC) and CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida is billed to lead stakeholders to the annual roundtable and the fourth edition of the NITRA ICT Growth Conference that will x-ray the industry and chart its growth path. The event, which is scheduled to hold today at the… Read More