NIGERIAN TRIBUNE

Equities Market Rebounds By 0.71% As Investors Earn N183.6bn

Equities trading at the Nigerian Exchange Limited (NGX) was bullish on Wednesday. In the last trading session of the month, Nigerian equities staged a rebound, recouping prior session losses as the benchmark index ended 0.71 per cent stronger to settle at 47,660.04 basis points. Notably, gains in Telcos heavyweight, MTN Nigeria… Read More

PUNCH

25 Firms Selected For $10.5m Nigeria-Czech Research Programme

About 25 firms have been shortlisted for over $10.5m  research projects by the  Presidential Implementation Committee(PIC) on Technology Transfer/ Information Exchange between Nigeria and the Czech Republic. Also, President Muhammadu Buhari has given approval to the  National Agency for Science and Engineering Infrastructure to invest… Read More

Industry players canvass crypto regulation to protect investors

With the collapse of a crypto firm, FTX, industry players are calling for a strong regulatory framework to protect investors, writes Temitayo Jaiyeola. When the first cryptocurrency, Bitcoin, was launched in 2009, it was meant to change the financial world. It was also targeting to become the currency of the people. Crypto was supposed… Read More

BUSINESS DAY

Weak Naira, Cross-Border Payments Drive Nigerians Into Cryptos

The depreciation of the naira against the dollar and seamless access to cross-border transactions are seen as the main factors driving millions of Nigerians into cryptocurrency. A recent report by Triple A, a cryptocurrency analysis platform, estimated that over 22 million Nigerians, 10.3 percent of Nigeria’s total population, owned cryptocurrency… Read More

ECONOMY HEADLINES

VANGUARD

Federal Government Rakes N2trn From Indirect Taxes, As Banks’ Taxes Rise 41.7% To N135bn

Despite the economic headwinds, the Federal Government, FG, received N2.01 trillion in indirect taxes in the third quarter of 2022, Q3’22, up 16.6 per cent from the N1.72 trillion  collected in the corresponding period of 2021, according to the data of the National Bureau of Statistics, NBS. Indirect taxes paid to the government by a producers… Read More

PUNCH

CBN Defends Naira With $11.24bn In Seven Months

The Central Bank of Nigeria injected $11.24bn into the economy to stabilise the value of the naira from January 2022 to July. This was obtained in the banking regulator’s monthly economic reports on foreign exchange market developments. The report showed that $7.6bn was used to stabilise the naira in the first five months of the year. It stated… Read More

THE SUN

Federal Government Allays Fear Over Hike In Petrol Pump Price

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday, said the pump price of petrol remains at N180/litre, saying there are no plans to jack it up under any circumstance. It thus advised all players in the downstream ecosystem to dump their speculative practices that have driven the price of the… Read More

POLITICAL HEADLIINES

NEW TELEGRAPH

2023 Elections: Subscribers Task Telcos On Seamless Result Transmission

The President of the National Association of Telecoms Subscribers (NATCOMS), Chief Deolu Ogunbanjo, has tasked the Association of Licensed Telecoms Operators of Nigeria (ALTON) to provide the technology needed for seamless transmission of election results in 2023. While speaking with New Telegraph, Ogunbanjo said subscribers… Read More

BLUEPRINT

86 Days To Elections: Hoodlums Destroy Thousands Of PVCS, 4 Offices, 1,993 Ballot Boxes

With about 86 days to the 2023 general elections, the Independent National Electoral Commission (INEC) has  in the last four months lost  five of its local government area offices to hoodlums, otherwise called  “yet unknown persons” by the commission. The commission stated that in the mindless attacks, a total of 1,993 ballot boxes, 399 voting… Read More

TECHNOLOGY HEADLINES

THE SUN

Insecurity: FEC Approves PPP For Satellite Internet Broadband The Federal Executive Council (FEC) has approved the concession of Research and Development of Satellite Internet Broadband Project to ensure fast, reliable, uninterrupted and high-speed fixed broadband internet penetration in all parts of Nigeria, especially the rural areas. Manji Yarling, Ag Head, Media and Publicity, Infrastructural… Read More