BUSINESSPOST
Nigerian Stocks Start July Bearish With 0.04% Loss
The first trading day in July and the second half of 2024 at the Nigerian Exchange (NGX) Limited finished on a wrong note after the bears made a quick return to the space. Nigerian stocks lost 0.04 per cent on Monday on the back of renewed profit-taking witnessed across the major sectors of the bourse, with the insurance counter the worst hit after… Read More
PUNCH
FCCPC Raids Steel Companies In Ogun
The Federal Competition and Consumer Protection Commission conducted raids on three steel manufacturing companies in Ogun State due to the alleged production of substandard iron rods and other anti-competition practices. According to the commission, the affected companies are African Foundries Limited in Ogijo, Monarch Steel Mill Limited… Read More
THISDAY
Discos Raise Revenue By N42.4bn After 230% Hike In Tariff For Premium Customers
Electricity Distribution Companies (Discos) in Nigeria made additional revenue of N42.4 billion after the Nigerian Electricity Regulatory Commission (NERC) approved a hike in tariff for Band ‘A’ customers on April 3, new data from the commission has shown. A THISDAY analysis of NERC data showed that this was about 42.29 per cent increase… Read More
THENATION
1m Applicants Seek N1.3tr Consumer Credit Loan
More than one million applicants have made a cumulative N1.3trillion loan request from Nigerian Consumer Credit Corporation (CreditCorp). They are among those eyeing participation in the consumer credit scheme of the Federal Government due to go into operation very soon. No fewer than two million people are expected to benefit… Read More
ECONOMY HEADLINES
PUNCH
Dangote Fuel: Marketers Fear High-Priced Petrol Ahead Of Supply
As Premium Motor Spirit also known as petrol from the Dangote Petrochemical Refinery hits the local market in two to three weeks, petroleum marketers have expressed the fear that the product’s price may be higher than expected. They spoke against the backdrop of the 650,000-capacity refinery’s failed attempt to get feedstock locally from the… Read More
Non-Bank Transactions Surge Threatens West Africa’s Financial Stability – Cardoso
The Governor of the Central Bank of Nigeria, Yemi Cardoso, has raised concerns about the growing volume of financial transactions by non-bank and Other Financial Institutions, saying they pose significant risks to the stability of the West African financial stability. He also emphasised the vital role of non-bank financial institutions in promoting… Read More
SUN
World Bank: At $19.5bn, Nigeria Accounted For 35% Of Sub-Saharan Africa’s Diaspora Remittance In 2023
Following the breakdown of negotiations between the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC) and the Federal Government over the proposed minimum wage, available data has shown that 28 states may be unable to pay the N62,000 the incumbent administration is proposing. While the organised labour insists on a… Read More
POLITICAL HEADLINES
SUN
Shettima In Maiduguri, Condoles With Victims Of Gwoza Suicide Bombings
Vice President Kashim Shettima, yesterday, paid a condolence visit to victims and families of those who lost their lives in the suicide bombings in Gwoza area of Borno State on Saturday. He described the incident as pathetic, even as he quoted the late Dele Giwa, saying, one life lost in cold blood is as gruesome as millions lost in cold blood. Shettima, who… Read More
THENATION
Southwest States Firm Up Food Production Programme
Southwest governors have unfolded plans for a massive food production in the six states to halt the high price of staple foods, it was learnt yesterday. Reminiscent of the pre-independence period and the First Republic when agriculture was the mainstay of the regional economy, the states are to accord priority to rice, maize, cassava and… Read More
TECHNOLOGY HEADLINES
PUNCH
Lagos, Ogun Lead As Internet Users Hit 164 Million
Lagos and Ogun States are propelling Nigeria’s digital growth, the National Bureau of Statistics has stated. According to the NBS Telecoms Data report for the first quarter of 2024, released on Monday, Lagos State leads with 18.84 million active internet subscribers, followed closely by Ogun State with 9.53 million. The report also highlighted… Read More