BLUEPRINT

Equity Market Rebounds, Gains N982bn

Local equity market Wednesday rebounded, appreciating by N982 billion as gains recorded by Geregu Power, Nigeria Breweries, BuaFoods,United Bank for Africa, Seplat and Zenith outweigh loss recorded in the shares of BuaCement, Fidelity, Mecure, NCR. Market capitalisation of listed equities increased by 1.76 per cent to N56.632 trillion… Read More

SUN

NECA Calls For Dialogue Over Labour – Federal Government Rift

The Nigeria Employers’ Consultative Association (NECA) has called  for social dialogue to address the rift between the federal government and the Organised Labour over the issue of economic hardship in the country. NECA made the plea when it met with other stakeholders on Tuesday in Abuja to discuss strategies for advancing equitable and… Read More

PUNCH

Federal Government Distributes 42,000MT Grains Free, Ogun Begins N5bn Interventions

The Federal Government, on Wednesday, announced that it would distribute the 42,000 metric tonnes of grains approved by President Bola Tinubu to poor Nigerians at no cost. This came as Ogun State Governor Dapo Abiodun on Wednesday announced over N5bn intervention plans which he said would go a long way to help the residents… Read More

Fuel Can Sell Below NNPCL Rate, Says IPMAN

Independent oil marketers have stated that they could sell premium motor spirit, fuel, below the rate it is being sold in Nigerian National Petroleum Company Limited retail stations if they get the product directly from NNPCL. The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, stated this during… Read More

ECONOMY HEADLINES

SUN

Nigeria, Others Float African Energy Bank With $5bn Takeoff Capital

The African Petroleum Producers Organisation (APPO) has floated the African Energy Bank with $5 billion capitalisation. The project feeds into the continent’s move to break away from hurtful dependence on foreign lenders who are becoming increasingly reluctant to fund hydrocarbon-related projects, Secretary General of APPO, Mr. Omar Farouk… Read More

PUNCH

Power Minister Laments As Electricity Subsidy Rises To N3tn

The indebtedness of Nigeria’s power sector to electricity generating companies and gas producers has risen to about N3.3tn, the Federal Government declared on Wednesday. It also revealed that subsidy on electricity for 2024 would gulp about N3tn, whereas only N450bn was budgeted for this purpose in this year’s budget, adding that it… Read More

Federal Government To Borrow N2.5tn Via Bonds – DMO

The Federal Government is seeking to raise N2.5tn in its second FGN bonds auction of the year. Debt Management Office in a circular issued on Wednesday, stated that the offerings consisted of N1.25tn with a maturity date of February 2031 and N1.25tn with a 10-year tenor. FGN savings bonds are part of the domestic borrowing plan of the… Read More

POLITICAL HEADLIINES

VANGUARD

Hardship: We Can No Longer Pacify Our Subjects, Northern Monarchs Tell Federal Government

Monarchs from the North, under the umbrella of Northern Traditional Council, NTC, led by the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III, yesterday, told the Federal Government that the hardship, insecurity, poverty and unemployment in Nigeria and the North, in particular, was getting to a level they could no longer pacify the… Read More

SUN

House of Representatives propose return to parliamentary Government

The House of Representatives has introduced a bill seeking to return the country to parliamentary system of government at the federal, state and local government levels, effective from 2031. The bill, which is seeking to alter the relevant sections of the 1999 Constitution (as amended) was sponsored by the Minority Leader, Kingsley… Read More

TECHNOLOGY HEADLINE

VANGUARD

Point Of Presence Will Transform Nigeria’s Digital Connection – IXPN

To transform Nigeria’s digital connection environment and enhance high-performance internet connectivity for the citizenry, the Internet Exchange Point of Nigeria, IXPN, has activated its Point of Presence, PoP, at Open Access Data Centres, OADC, in Lagos. With the activation, service providers operating within the Lekki site can now… Read More