NAIRAMETRICS

Nigerian Stock Exchange Sees N773 Billion Dip In Equities

The Nigerian Stock Exchange (NSE) encountered a modest decline in its primary indicators, marked by prevailing bearish sentiment that resulted in a drop of 1412.64 points in the NGX All-Share Index (ASI), settling at 100,582.89 points. Market capitalization suffered a setback, decreasing by N773 billion to reach N55.04 trillion by the close of the session… Read More

PUNCH

NNPCL Plans To End Fuel Shortage In 10 Years

The Nigerian National Petroleum Company Limited has assured Nigerians that the country’s energy scarcity will be over in the next 10 years. The NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this Tuesday at the opening ceremony of the seventh edition of the Nigerian International Energy Summit held in Abuja. In a statement by the… Read More

Dangote, Port-Harcourt Refineries Face Crude Shortage Over Low Production – Federal Government

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery and modular refineries in the country may not get enough crude oil locally for the production of petroleum products unless deliberate efforts are made to increase… Read More

NEWTELEGRAPH

MAN: Nigeria’s Economy In Dire Straits, Seeks Intervention

The Manufacturers Association of Nigeria (MAN) has said that the country’s economy is in a dire strait, and more than ever before, policy makers need to be intentional about growing the manufacturing sector. Similarly, the association explained that there was no country considered as developed that does not give priority attention to the… Read More

ECONOMY HEADLINES

BUSINESSDAY

CBN Clears Additional $400m FX Backlog

The Central Bank of Nigeria (CBN) said it has on Tuesday cleared an additional $400 million foreign exchange (FX) backlog of identified, genuine forward requests. Yemi Cardoso disclosed this on Tuesday after the two-day Monetary Policy Committee (MPC) meeting, which raised the Monetary Policy Rate (MPR) by 400 basis points to 22.75%… Read More

NEWTELEGRAPH

CPPE: Hike In Interest Rate, CRR Will Hurt Real Sector

The Centre for the Promotion of Private Enterprise (CPPE) has said that the decision by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to significantly hike both the Monetary Policy Rate (MPR) and the Cash Reserve Ratio (CRR) at the end of its meeting on Tuesday will negatively affect the country’s real sector, which is… Read More

PUNCH

Federal Government Completes $700m Gas Pipeline In March After Eight Years

The Federal Government, on Tuesday, announced that the $700m Obiafu/Obrikom/Oben gas pipeline, popularly called OB3, would be completed in March 2024, a project that commenced in 2016. It announced this at the ongoing 7th Nigeria International Energy Summit in Abuja, where President Bola Tinubu also provided some… Read More

POLITICAL HEADLIINES

VANGUARD

NLC Gives 17-Point Demand To Tinubu, Suspends Protest

The Nigeria Labour Congress, NLC, yesterday made a 17-point demand to President Bola Tinubu to assuage the poverty, hunger and mass suffering inflicted on the citizens by the policies of the federal government. This is even as Governor Seyi Makinde of Oyo State participated in the protest in Ibadan, the state capital, saying there are hunger… Read More

BUSINESSDAY

Ambode Beg Nigerians Not To Blame Tinubu For Country’s Economic Hardship

Akinwunmi Ambode, the former governor of Lagos, addressed the ongoing economic challenges during the 2024 Akinjide Adeosun Foundation (AAF) leadership colloquium and award event themed “Economic Asphyxiation – The wisdom of Authentic Leaders” in Lagos. Ambode said that the country’s economic difficulties did not originate with… Read More

TECHNOLOGY HEADLINE

SUN

Millions Of Lines To Be Deactivated As NIN-SIM Linkage Deadline Ends

Millions of subscribers would be barred from enjoying telecommunications services nationwide starting today, as the Nigerian Communications Commission (NCC) confirmed that the February 28 deadline on NIN-SIM linkage remains sacrosanct. The NCC had last December handed a directive to telecommunications op- erators; Globacom… Read More