VANGUARD

Stock Market: Sustained Bullish Sentiments Propel NGX’s Market Capitalisation By N700bn

Following a price uptick in highly capitalized stocks as well as sustained bullish trading by investors on the floor of the Nigerian Exchange Limited (NGX), the market capitalization has now risen by N711 billion in two consecutive trading sessions. The market’s gaining streak had come to a halt on Tuesday owing to profit-taking in Total, Presco… Read More

CBN Warns Banks Over Russia, Iran, Cameroon Transactions

The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to be wary of transactions with businesses and persons in the Russian Federation, the Democratic People’s Republic of Korea, Iran and Cameroun. The warning was contained in a circular referenced… Read More

SUN

MAN, NACCIMA, CPPE ,Others Laud Tinubu’s Signing Of 4 Executive Orders

Nigeria’s Organised Private Sector and economic experst yesterday lauded President Bola Tinubu’s signing of four Executive Orders as part of his bid to improve the nation’s  business environment. In their separate reactions on the import of the orders, the various private sector  umbrellar bodies said the action was a step in the right direction… Read More

PUNCH

LCCI Urges Industries To Prepare For Tech Disruption

The Lagos Chamber of Commerce and Industry has warned industrial entities to brace up for disruptions as technology continues to upend the way businesses operate all over the world. LCCI’s Chairman of Trade Promotion Board, Leye Kupoluyi, stated this at a media launch to herald this year’s Information Communication Technology and… Read More

ECONOMY HEADLINES

LEADERSHIP

CBN Adjusts Exchange Rate On Customs Platform To N770.88/$1

The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to exercise caution when conducting transactions with businesses and individuals in certain countries. The countries specified by the CBN are the Russian Federation, the Democratic People’s Republic… Read More

PUNCH

NNPCL Plans Another $8bn International Gas Pipeline

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, announced that the NNPCL would be constructing another international gas pipeline worth about $8bn. NNPCL and its partners are currently working on the construction of the $25bn Nigeria-Morocco gas pipeline that is to supply gas… Read More

Rising Inflation: Private Sector Demands More Waivers As Tinubu Suspends Taxes

The organised private sector on Thursday welcomed the tax suspensions announced by President Bola Tinubu, noting that they showed the Federal Government was sensitive to the challenges facing businesses and citizens. The private sector operators however pointed out that the tax suspensions were inadequate to curb rising inflation and other… Read More

POLITICAL HEADLIINES

SUN

Your Investment Safe In Nigeria –Akpabio Assures Foreign Investors

President of the Senate, Senator Godswill Akpabio, on Thursday assured foreign investors of the safety of their investments in Nigeria. Akpabio, gave the assurance while receiving a delegation from Jampur International Group FZE, led by its CEO, Mohanmed Shafiq in Abuja. Akpabio reinstated Federal Government’s commitment to providing… Read More

DAILYTRUST

10th Senate: We Will Not Rubber Stamp Anything For Executive — Imasuen

The Senator representing Edo South, Neda Imasuen, has promised that the 10th Senate will not be a rubber stamp to the executive arm of government noting that the opposition senators will only work for the growth and development of the country. Addressing journalists in Abuja on Thursday following the emergence of the principal officers of the… Read More

TECHNOLOGY HEADLINES

GUARDIAN

Criminals Attack Manufacturers With Ransomware

Cybersecurity firm, Sophos, has revealed in its new sectoral survey report, ‘The State of Ransomware in Manufacturing and Production 2023’, that in more than two-thirds (68 per cent) of ransomware attacks against this sector, the adversaries successfully encrypted edata. Sophos described this as the highest reported encryption rate for the… Read More