PUNCH
Equity Market Sustains Bullish Trend With N673bn Gain
The equity market continued with its bullish trend on Monday, as investors gained N673bn. At the close of trading, both the market capitalisation of the exchange and the All-Share Index rose by 1.30 per cent to settle at N52.408tn and 95,768.12 basis points, respectively. Despite the positive trading, market participation dipped as the volume and… Read More
NERC Backs States To Regulate Electricity Firms
The Nigerian Electricity Regulatory Commission has inaugurated three working groups for the implementation of the new Electricity Act 2023. President Bola Tinubu had signed the new Act in June 2023, removing electricity from the exclusive list and giving states the power to generate and regulate power in their domains. As a result, the Chairman… Read More
SUN
Gas Supply Shortages Worsen Power Supply Crises
Hopes of improved power supply has dimmed as the management of Eko Electricity Distribution Company (EKEDC) yesterday, raised the alarm that inadequate gas supply was hampering its efforts at supplying electricity to its numerous customers. The power utility firm in a notification on its official X Handle disclosed that the present reduction in… Read More
Poultry Farmers Decry High Feed Cost, Seek Tinubu’s Intervention
With feed prices reaching stratospheric heights, the Poultry Association of Nigeria (PAN) has called on President Bola Tinubu to urgently intervene in the matter before they are forced to shut down their businesses. The association, who made the appeal at the weekend, said the poultry sub-sector was literally on life support and risks total collapse if… Read More
ECONOMY HEADLINES
SUN
Lagos Moves To Plug Revenue Leakages, Grow Non-Taxable Income To 40%
The Lagos State government has said it is putting measures in place to block revenue leakages and increase collection of non-taxable generated revenue from 18 to 40 per cent. To this effect, the state’s Office of Internal Audit, in collaboration with the University of Calgary, has organised a five-day training on Revenue Systems Audit of Non… Read More
THISDAY
Edun: Federal Government Prioritising Intervention Funds To Tackle Rising Food Inflation
The Minister of Finance, Mr. Wale Edun, has assured Nigerians that there would be substantial intervention for the agricultural sector that would enhance increased production of rice, maize, wheat and cassava to stem the rising food inflation in the country. Edum stated this when he met with critical stakeholders to strategise on the… Read More
PUNCH
Reducing Cabinet Will Affect Performance, Tinubu Insists
President Bola Tinubu has justified his cabinet of 47 ministers saying the number reflects the diversity of roles required to run an efficient government. The president expressed doubt about reducing his cabinet, saying no guarantee this would boost performance He also urged the leadership of the Christian Association of Nigeria to propagate the… Read More
POLITICAL HEADLIINES
VANGUARD
Tinubu Sensitive To Nigeria’s Challenges – CAN
ABUJA-The National President. of Christian Association of Nigeria, CAN, Archbishop Daniel Okoh, said yesterday President Bola Tinubu’s administration was making positive efforts to tackle the challenges facing the country. The CAN President stated this when he led a delegation of the leadership of the association on a courtesy visit to President… Read More
THENATION
Federal Government Explains How Students Will Access Loans
The process for accessing the student loan programme of the Federal Government will be seamless, officials said yesterday. According to them, there will be no human contact. Everything will be automated, they said. Executive Secretary and Chief Executive Officer of the Students Loan Board, Dr Akintunde Sawyerr, who spoke to reporters at… Read More
TECHNOLOGY HEADLINE
PUNCH
NCC Blames Duplicated NINs For Barred Lines
Duplicated National Identification Numbers are responsible for the new wave of complaints from subscribers who have had their SIMs barred despite linking them to their NINs. This, according to the Nigerian Communications Commission, is due to the activity of third-party agents who duplicate NINs for unsuspecting telecom subscribers… Read More