Daily Business Headlines – FEBRUARY 19, 2024


NGX Hits New All-Time High On Highly Priced Stocks Rally Amid Money Flow Divergence

The market is no doubt shaking some players around with this week’s inflation reports and changing outlook of fixed income market yields. As NGX rally continued to disconnect with macroeconomic realities in the face of unclear fiscal and monetary policies direction, as being reflected in the rising economic headwinds in the system, the… Read More


LCCI Advises On Best Ways To Operate Commodity Board

The Lagos Chamber of Commerce and Industry (LCCI) has applauded the Federal Government’s plan to establish a National Commodity Board and proffered strategies that should be adopted for a successful implementation of the policy. Director General of the chamber, Chinyere Almona, acknowledged that the initiative aimed at… Read More


Cost Of Living Protest: Police Warn Against Violence As Labour Gives Fresh Conditions

The police authorities have said they would not condone any form of violence during the planned two-day demonstration declared by organised Labour in protest against the hardships and high cost of living in the country. The police handed down the Riot Act on Sunday as the Nigeria Labour Congress gave fresh conditions ahead of the… Read More

Federal Government, Marketers Meet Today, Tanker Drivers Insist On Strike

The Federal Government has ordered oil marketers to negotiate with the Nigerian Association of Road Transport Owners to avert the planned suspension of operations by NARTO members with respect to the lifting of petroleum products nationwide beginning today (Monday). It was gathered on Sunday that oil marketers and the… Read More



Food Security, Others: Tinubu Seeks Closer Ties With Brazil

President Bola Tinubu yesterday in Addis Ababa, Ethiopia, told the Brazilian President Luiz Inácio Lula da Silva, that Nigeria was ready to break all walls standing in her way to progress. Tinubu stated this when he had fruitful discussions on comprehensive strengthening of bilateral ties between both countries in all fields. Speaking at… Read More


Sachet Alcohol Ban: Manufacturers Fear 5.5 Million Job Loss

The Distillers And Blenders Association Of Nigeria has said that investments worth over N1.2tn will be lost while 5.5 million direct and indirect workers would be out of jobs if the Federal Government insists on the recent ban implemented against the production and sale of sachet and PET bottle alcohol in the country. DIBAN, a sub-sector under… Read More


Cardoso: With $1.8bn Inflow Last Week, Nigeria’s Economy Has Positive Outlook

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday, said despite the apparent gloomy picture of the country’s economy, the future was bright and positive, especially in the light of recent inflow of $1.8 billion. The positive assessment came as Secretary to the Government of the Federation (SGF), Senator George… Read More



Address Hunger, Insecurity Ravaging Nigeria, Cleric Tells Tinubu

The Catholic Bishop of Lafia Diocese, Bishop David Ajang, has urged the government to urgently address insecurity and high level of hunger in the country. Ajang made the call while presiding over the Thanksgiving Mass of the Nasarawa State Deputy Governor, Dr Emmanuel Akabe at St Aloysius Catholic Church, Doma, Doma Local… Read More


Bishops, Ex-Speakers, Lawyers Suggest Way Out Of Economic Challenges

Catholic bishops, former Speakers of Houses of Assembly, and lawyers have expressed concerns about the spiraling rise in the cost of living across the country. They suggested some immediate and long-term solutions to the trend. The bishops spoke at the opening session of this year’s First Plenary Assembly of the Catholic Bishops… Read More



Nigeria, Others Lost $1.74bn To Internet Shutdowns – Report

A new report from Top10vpn, an international VPN review website, has unveiled that deliberate Internet shutdowns by governments resulted in $1.74bn economic loss in Sub-Saharan Africa. The Global Cost of Internet Shutdowns report assessed the overall economic impact of major intentional Internet outages and social media… Read More