BUSINESSPOST
PZ Cussons, Oando, 27 Others Sink Stock Market By 0.33%
The bears regained control of the Nigerian Exchange (NGX) Limited on Tuesday following renewed profit-taking triggered by selling pressure, especially in banking, consumer goods, and industrial goods services. The trio made a mess of the 1.13 per cent gained by the insurance sector and the 0.09 per cent chalked up by the energy counter… Read More
PUNCH
Cost Of Living: Federal Government, NLC Meeting Deadlocked, Bakers Threaten Shutdown
A meeting between the Federal Government and organised Labour to stave off the planned strike by the Nigeria Labour Congress and Trade Union Congress deadlocked on Monday night. The Minister of State Labour and Employment, Nkeiruka Onyejeocha, who hosted the parley in Abuja, could not convince the unions to suspend the strike slated for… Read More
Customers Tired Of Estimated Billing, Federal Government Warns Discos
Electricity consumers do not want to pay on the basis of estimated bills, rather they want to pay for what they consume and should be provided meters in order to achieve this, the Federal Government told power distribution companies on Tuesday. It disclosed this through the Nigerian Electricity Regulatory Commission during a meeting with… Read More
Federal Government Mulls Commodity Board To Curb Rising Food Prices
The Federal Government on Tuesday hinted at plans to establish a National Commodity Board to curtail the escalating food inflation in Nigeria. Vice President Kashim Shettima, who revealed the plan, said in tackling price volatility, the board would be empowered to “continually assess and regulate food prices, maintaining a strategic food… Read More
ECONOMY HEADLINES
VANGUARD
Nigeria’s Oil Output Rises Further By 6.9% To 1.43m Bpd — OPEC
Nigeria’s oil output has risen month-on-month, MoM to 1.43 million barrels per day, bpd in January 2024, from 1.34 million bpd recorded in December 2023, indicating an increase of 6.9 per cent. But on year-on- year, YoY, the nation’s output rose by 15.6 per cent to 1.43 million bpd in January 2024, from 1.23 million bpd recorded in the… Read More
PUNCH
UK, Nigeria Sign First Enhanced Trade Partnership
Nigeria and the United Kingdom on Tuesday signed an enhanced trade and investment partnership to boost trade and investment between the two countries. A statement from the Foreign, Commonwealth and Development Office disclosed that the Secretary of State for Business and Trade, Kemi Badenoch and the Nigerian Trade Minister Doris… Read More
Tinubu Seeks Senate Confirmation For CBN Board Members
President Bola Tinubu has written to the Senate requesting for screening and confirmation of five persons appointed as directors of the board of the Central Bank of Nigeria. The President’s request was contained in a letter read by the Senate President, Godswill Akpabio during the plenary on Tuesday. The appointed board directors of the… Read More
POLITICAL HEADLIINES
SUN
APC Retains 59 Seats In Senate, PDP 37, LP 7
All Progressives Congress (APC) has regained its original number of 59 senators in the upper legislative chamber of the National Assembly, while the Peoples Democratic Party (PDP) has retained 37. But Labour Party (LP) has lost a seat and now has seven. Meanwhile, senators who recently won by-elections in their respective… Read More
VANGUARD
$6.2m Theft: FG Declares CBN Staff, Others Wanted For Forging Buhari’s Signature
The Federal Government yesterday declared a staff of the Central Bank of Nigeria. CBN, Odoh Ocheme, and two other persons are wanted for allegedly forging the signature of former President Muhammadu Buhari to steal $6.2m cash from the apex bank. In a letter addressed to the Assistant Inspector General of Police by office of the CBN… Read More
TECHNOLOGY HEADLINE
NAIRAMETRICS
Federal Government, World Bank To Raise $3 Billion For Nigeria’s Broadband Infrastructure
The Federal Government and the World Bank are collaborating to raise the sum of $3 billion to fund additional 120,000km fibre optic cables to boost broadband infrastructure and connectivity in Nigeria. The Minister of Communications, Innovations and Digital Economy, Dr. Bosun Tijani, disclosed this in Abuja on Tuesday at a stakeholders… Read More