NAIRAMETRICS

NGX’s Bearish Run Continues As ASI Declines By 1.5%

The NGX continued its bearish run, declining by 1.5% to close at 102,108.05 points, down by 1,551.76 points from yesterday’s 103,659.81 points. The market breadth was very negative as only 14 stocks recorded gains while 46 stocks recorded losses, even as BUA Cement was the biggest loser during the day with a 10% loss. Similar to the… Read More

SUN

Federal Government, Stakeholders Meet To Crash Cooking Gas Prices, Boost Supply

The Federal Government, on Tuesday, brainstormed with key stakeholders in the petroleum industry, to fashion wayss  to drastically lower the cost of Liquefied Petroleum Gas (cooking gas) in the country and increase its supply. The cost of cooking gas surged to N1,300 per kilogramme in January, a significant rise from the less than N500 it was… Read More

PUNCH

NNPCL Differs As Marketers Fear Fuel Queues Spread

Oil marketers have expressed fears that there might be scarcity of petrol if the Nigerian National Petroleum Company Limited fails to make the product available to depot owners and other dealers. They said the long queues being experienced in filling stations and some parts of Ogun State might eventually spread to other parts of the nation… Read More

VANGUARD

Sachet Alcohol Ban Will Trigger Loss Of 500,000 Jobs — NUFBTE

The Food Beverage and Tobacco Senior Staff Association, FBTSS, and National Union of Food Beverages and Tobacco Employee, NUFBTE, have said over 500,000 workers will lose their jobs as a result of the   ban on     sale and consumption of alcohol in sachets and polyethylene terephthalate (PET) bottles. The associations spoke yesterday… Read More

ECONOMY HEADLINES

SUN

$40bn Spent On Foreign Students, Medical Tourism In 10 Years –Cardoso

Governor, Central Bank of Nigeria (CBN), Dr Yemi Cardoso, yesterday, identified increasing number of Nigerian students studying abroad, as well medical tourism, as part of factors responsible for the depreciating value of the naira. Cardoso, who stated this when he appeared before the House of Representatives, said that foreign exchange… Read More

GUARDIAN

AFEX, PenOp To Expand Pension Fund Investment In Commodities Sector

AFEX and the Pension Fund Operators Association of Nigeria (PenOp) have concluded plans to expand market participation in the commodities sector by driving pension fund investments. This is just as AFEX stated that the domestic agriculture sector has long faced challenges across low capital and lack of investments, which has only… Read More

VANGUARD

Protest Over High Prices: No Food Shortage In Nigeria — Federal Government

ABUJA-THE Chief of Staff to the President, Mr. Femi Gbajabiamila, met behind closed doors with the National Security Adviser, NSA, Mallam Nuhu Ribadu, and some ministers at the Presidential Villa, Abuja, yesterday, over food security and protests in some states. The meeting, which began at about 05:30 pm, also had in attendance the governor… Read More

POLITICAL HEADLIINES

THISDAY

Tinubu: No Room For Celebration Until Military Ends Insecurity, Returns To Nigeria

President Bola Tinubu returned to the country yesterday from his two-week private visit to France. Tinubu flew in just hours after he told the military and other security agencies in the country, through Vice President Kashim Shettima, that in spite of their modest success, there would be no room for celebration until they ended insecurity in the… Read More

VANGUARD

INEC Fixes Feb 14 For Supplementary, Rerun Polls In Taraba, Enugu

The Independent National Electoral Commission INEC has fixed Wednesday February 14 for the conduct of supplementary election in Taraba State and a new re-run election in Enugu State. INEC National Commissioner in charge of Information and Voter Education Committee, Sam Olumekun disclosed this in a statement issued Tuesday… Read More

TECHNOLOGY HEADLINE

PUNCH

NCC Wants States To Cut Telecom Taxes

The Nigerian Communications Commission has appealed to states and local government councils across the country to cut taxes imposed on telecom companies, asserting that excessive taxation will be counterproductive to the growth of the industry. The Federal Government in its 2024-2026 Medium-Term Expenditure Framework and… Read More