Daily Business Headlines – JANUARY 26, 2024


NGX Slows Down, Reports 0.57% Growth As Seplat Leads The Way

NGX has recorded its slowest growth rate over the past week, as the All-Share Index appreciated by 0.57% to close at 102,149.93 points, an increase of 578.82 from yesterday’s 101,571.11 points. Similarly, equities gained N320 billion as the market cap appreciated to N55.90 trillion, from yesterday’s N55.58 trillion. In line with the gains recorded… Read More


Federal Government Moves To Secure Natural Resources

The Federal Government has intensified efforts to secure the nation’s natural resources as the presidential inter-ministerial committee held an expanded meeting with security service chiefs. The inter-ministerial committee chaired by the Minister of Solid Minerals Development, Dele Alake, met with the security chiefs on Thursday in Abuja… Read More

TCN Blames Gas Shortage For Poor Power Supply

The Transmission Company of Nigeria has confirmed The PUNCH report that the gas shortage was responsible for the poor electricity supply in the country. The TCN, in a statement on Thursday, affirmed that there had been a gradual decrease in available power generation into the grid due to gas constraints to the power generating… Read More


Government, Labour Minimum Wage Talks For March

Federal Government will open talks with Labour on the new minimum wage in March, Information and National Orientation Minister Alhaji Mohammed Idris said yesterday. He reiterated President Bola Tinubu’s commitment to workers’ welfare, urging the Nigeria Labour Congress (NLC) and Nigerians to be patient with the administration… Read More



Nigeria, Morocco Fast-Track Talks On $30bn Gas Pipeline

The Federal Government has intensified discussions with the Kingdom of Morocco in a bid to fast-track the process of achieving the Final Investment Decision on the $30bn Nigeria-Morocco Gas Pipeline. Both nations held discussions about the deal on the side-lines of a meeting between the Minister of State for Petroleum Resources (Gas)… Read More


Agric Ministry, NASENI To Boost Food Production With Tech

The Federal Ministry of Agriculture and Food Security and National Agency for Science and Engineering Infrastructure (NASENI) have commissioned a committee to fast-track the adoption of new technologies to boost food production. Permanent Secretary, Ministry of Agriculture and Food Security, Temitope Peter Fashedemi at the… Read More


China To Support Nigeria’s Infrastructure, Economic Development

The Chinese government has expressed its commitment to support Nigeria’s infrastructure development and economic growth. This was reaffirmed during a high-level visit by a Chinese delegation led by the Director-General of the Department of African Affairs, MFA, China, Mr. Wu Peng, who met with Nigeria’s Foreign Affairs Minister… Read More



Plateau Killings: CAN Chairman Shuns DHQ Invitation, 10 Corpses Recovered

The Nigerian Police Force on Thursday said it recovered no fewer than ten corpses in various locations in Mangu Local Government Area of Plateau State on Thursday. This was as the Chairman of the Christian Association of Nigeria in the Mangu Local Government Area of Plateau State, Rev Timothy Daluk, said he would not withdraw the… Read More


Governorship Disputes: Fubura, Kefas, Aliyu Win At Supreme Court

Three sitting Governors yesterday had their elections validated by the Supreme Court which dismissed the appeals challenging the outcome of the March 18 governorship election. The Governors are Siminalayi Fubara; Agbu Kefas, and Ahmad Aliyu of Rivers, Taraba and Sokoto states respectively. While Justice Kudirat Kekere-Ekun delivered the… Read More



NDIC, FIRS To Spend N8.7 Billion On Software Acquisition In 2024

The Nigeria Deposit Insurance Corporation (NDIC) and the Federal Inland Revenue Service (FIRS) are planning to spend a combined sum of N8.7 billion on software alone this year. This spending is captured in the government-owned enterprises (GOEs) budget for 2024 released by the Ministry of Budget and National Planning. While most of the… Read More