BUSINESSDAY
Nestle, Eterna, Fidson, Others Cause Market’s Negative Start To New Week
Nigeria’s equities market closed in the negative region on Monday, confirming some analysts expectation that the bearish sentiment will persist ahead of MPC decisions. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased by 0.09percent or N51billion, from preceding trading day’s 102,088.07 points and… Read More
PUNCH
Marketers Await Dangote Fuel, Four Weeks After Production Take-Off
Oil marketers, on Monday, declared that they were still awaiting the supply of refined petroleum products from the $20bn Dangote Petroleum Refinery, four weeks after the launch of production at the multi-billion dollar plant. On January 12, 2024, Dangote refinery announced that it had commenced the production of Automotive Gas Oil… Read More
MAN Fears Fresh Factory Shutdowns As FX Crisis Worsens
The Manufacturers Association of Nigeria has said that the protracted foreign exchange crisis in the economy may trigger factory shutdowns if the situation continues to worsen. The Director-General of the Association, Segun Ajayi-Kadir stated this in a recent interview with AIT. According to him, manufacturers are unable to source up to 20 per cent… Read More
VANGUARD
Hardship: Strike Goes On As Federal Government Fails To Bend NLC’s Resolve
Last-minute troubleshooting efforts by the Federal Government to avert a two-day warning strike and national protests against economic hardship in the country failed on Monday night, following insistence by the Nigeria Labour Congress NLC to go ahead with its activities. Speaking after a closed-door meeting hosted by the Secretary to the… Read More
ECONOMY HEADLINES
PUNCH
20 Years After, Tinubu Launches $800m Aba Power Plant
President Bola Tinubu on Monday launched the Geometric Power Plant in Aba, 20 years after the project was initiated by a former Minister of Power, Barth Nnaji. Tinubu also inaugurated three roads rehabilitated by the Abia State Governor, Alex Otti, in Omoba, Jubilee, and Queens Street, all in Aba. Speaking after launching the… Read More
SUN
Tinubu Orders Full Implementation Of Oronsaye Report
President Bola Tinubu has ordered the full implementation of the Oronsaye report. The Oronsaye report on public sector reforms, submitted in 2012, revealed that there are 541—statutory and non-statutory—Federal Government parastatals, commissions and agencies. The 2011 report, commissioned by the Goodluck Jonathan administration, … Read More
DAILYTRUST
AFCFTA To Lift 30 Million Africans Out Of Extreme Poverty
The president and chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has stated that the African Continental Free Trade Agreement (AfCFTA) would lift 30 million Africans out of extreme poverty and boost the incomes of nearly 68 million others who live on less than $5.50 a day… Read More
POLITICAL HEADLIINES
SUN
Constitution Review: We Will Emphasise Inclusivity, Transparency – Abass
Speaker of the House of Representatives, Tajudeen Abbas, has said the parliament would emphasise inclusivity and transparency, as well as collaboration in the review of the 1999 Constitution (as amended). Abbas stated this, yesterday, during the inauguration of the House of Representatives Special Committee on Constitution Review. He said… Read More
LEADERSHIP
AU, ECOWAS, EU, Others For Dialogue Forum In Abuja
The Regional Citizen’s Dialogue Programme (RCDP), an initiative for preventing and responding to Unconstitutional Changes of Government (UCG) in West Africa, opens in Abuja today. Already, representatives from the AU African Peer-Review Mechanism (APRM), the Economic Community of West African States (ECOWAS)… Read More
TECHNOLOGY HEADLINE
THENATION
Active Telecom Voice Subscribers Hit 224,713,710
The National Bureau of Statistics (NBS) yesterday said active telecom voice subscribers increased by 0.96 per cent from 222,571,568 in fourth quarter (Q4 2022) to 224,713,710 in Q4 2023. NBS, however, noted that on quarterly, the subscribers rose by 1.33 per cent. This was contained in its data tagged: “Telecoms Data: Active Voice and Internet… Read More