SUN
NGX: ASI Reaches Historic 100,000 Mark As Investors Gain N15.7trn In H1
Buoyed by positive market sentiments, strategic fund manager activities, favourable government policies and robust corporate earnings, Nigeria’s stock market has achieved a historic milestone, surpassing the 100,000 threshold for the first time. This landmark accomplishment yielded an impressive gain of N15.7 trillion for investors in… Read More
PUNCH
NIA Seeks Passage Of Insurance Reform Bill
The Nigerian Insurers Association has vowed to intensify engagement to ensure the passage of the Nigerian Insurance Reform Bill 2024 currently with the Senate. The newly elected chairman of the association, Kunle Ahmed, stated that in his inaugural speech on Thursday in Lagos. There was a Consolidated Insurance Bill 2023, which was… Read More
VANGUARD
Auto Assemblers Clamour For N100bn Federal Government’s Intervention Fund For Vehicle Purchase
Automakers and assemblers have called on the Federal Government to urgently pump N100 billion intervention fund into vehicles finance scheme to help Nigerians buy new vehicles and revive the industry. This, they contended, would also speed up the rejuvenation of the nation’s economy. This view was canvassed at the Nigeria Auto Industry… Read More
THENATION
Recapitalisation: Banks’ Insiders Bid For Higher Stakes
Major insiders and directors have launched subtle moves to secure higher stakes in banks as the recapitalisation process gathers momentum. Trading reports at the Nigerian Stock market have shown a surge in insiders’ transactions with most deals concentrated on banking stocks. Regulatory reports by the Nigerian Exchange (NGX) at the… Read More
ECONOMY HEADLINES
THENATION
N180tr Federal Government’s Consumer Credit Scheme Set For Takeoff
The Consumer Credit Scheme of the Federal Government will take off with a target of N180 trillion available as loans to the beneficiaries, the agency in charge said at the weekend. The Consumer Credit Corporation (CreditCorp) plans a take-off with 500,000 beneficiaries by the end of next year. Already, two million Nigerians have enrolled through the… Read More
VANGUARD
Federal Government’s Retirees Groan Under N230bn Pension Arrears
The agonies of retirees from the Federal Civil Service appear to be getting worse as the Federal Government has failed to release funds for payment of accrued pension rights in the first half of 2024, H1’24, which ended yesterday. The FG had reneged for the full year 2023, FY’23, as no funds were released despite budgetary provisions. The release… Read More
THISDAY
World Bank: At $19.5bn, Nigeria Accounted For 35% Of Sub-Saharan Africa’s Diaspora Remittance In 2023
Diaspora remittance to Nigeria was $19.5 billion in 2023, constituting 35 per cent of such fund transfers to sub-Saharan Africa, although declining 2.9 per cent year-on-year, a new World Bank report has stated. In the “Migration and Development Brief” the World Bank Group projected that global remittances are expected to grow by 2.3 per cent… Read More
POLITICAL HEADLINES
SUN
‘House Of Representatives Will Defend Marginalised Masses’
Deputy spokesman of the House of Representatives, Philip Agbese, has reiterated that the parliament’s priority remains the people, stressing that it is a mantra that guides every decision and action by the legislative body. Speaking on the sidelines of the Pan-African parliament’s third ordinary session in Johannesburg, South Africa, yesterday… Read More
PUNCH
Senate Resumes Probe As AGF Submits N30tn Loan Documents
The Senate panel probing the N30tn Ways and Means loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government has received more documents from the Office of the Accountant General, The PUNCH has learnt. As a result, the panel is set to resume physical sitting after studying the documents. The… Read More
TECHNOLOGY HEADLINES
BUSINESSDAY
Lagos’ 28,000 Fibre Gap Explains Slow Internet
Lagos needs 36,000 km of fibre to provide fast-speed internet to every nook and cranny of the state, according to Olatunbosun Alake, commissioner for science, innovation and technology. However, only 7,864.50 km of fibre has been laid in the commercial capital, leaving a 28,135.5 km gap, as highlighted in the Ministry of Communications… Read More