BUSINESSPOST
NGX Index Extends Loss By 0.15% On Weak Sentiment
The Nigerian Exchange (NGX) Limited further depreciated by 0.15 per cent on Thursday on the back of sustained profit-taking and weak sentiment. The banking space went down by 1.30 per cent during the session and the consumer goods index shrank by 0.09 per cent as a result of selling pressure. The duo wiped out the gains posted by two other… Read More
VANGUARD
SEC Seeks Stakeholders’ Support Over Unclaimed Dividends, Market Infractions
Acting Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama, has called on relevant stakeholders in the capital market to join in the Commission’s fight to reduce unclaimed dividends. He also seeks their support in containing all forms of market infractions. Speaking during a meeting with the Association of… Read More
THENATION
Customs Generates N1.34tr In Q1 2024, Loses N318b To Waivers
The Comptroller General (CG) of the Nigeria Customs Service (NCS), Adewale Adeniyi, yesterday said the Service has generated N1.34 trillion in the first quarter of 2024. He added that N318 billion was conceded to exemptions, waivers and concessions granted to companies in the same period, while 478 seizures amounting to N1.9 trillion… Read More
THISDAY
Federal Government Directs N150,000 Government Grant Be Given To Each MSME Owner
Vice President Kashim Shettima yesterday revealed that President Bola Ahmed Tinubu has directed that Micro, Small and Medium Enterprises (MSMEs) should be supported with a federal government’s grant of N150,000 each. Shettima disclosed this when he launched the 3rd edition of the Expanded National MSMEs Clinic in Ado Ekiti, the Ekiti… Read More
ECONOMY HEADLINES
SUN
Edun Presents Economic Stability Plan To Tinubu
A document containing strategies that will help the stalling Nigerian economy regain buoyancy has been presented to President Bola Tinubu by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. Edun, who presented the document on Wednesday in Abuja, also coordinates the nation’s emergency economic… Read More
PUNCH
$3.3bn Loan-For-Crude: Federal Government Gets $925m Lifeline As Naira Trades 1,481/$
As the naira continues to weaken near the 1,500/dollar band at the official and parallel foreign exchange market, the Federal Government has received a lifeline of $925m from the Afrieximbank to boost the forex market and meet its dollar obligations. The local currency has been under pressure against the United States dollar and other major… Read More
Presidency Denies N105,000 Pay As Labour Awaits Tinubu’s Offer
The Presidency on Thursday denied reports that the Federal Government was proposing N105,000 as the new minimum wage. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the report as false. The report followed the presentation of the cost implications of implementing a new national minimum… Read More
POLITICAL HEADLINES
THENATION
Senate Urges Federal Government To Review Strategies To Curb Rising Insecurity
The Senate yesterday decried persistent insecurity in parts of the country. It urged government at all levels to immediately review security strategies to curtail the menace. The resolution of the Senate followed its consideration and adoption of a motion, titled: “Urgent need to review security approach in addressing banditry attacks in Katsina… Read More
SUN
Senate Seeks Investigation Into Death Of 30 Miners In Niger
The Senate has mandated the Committee on Solid Minerals to investigate the cause of a rockslide in Farin Doki community, Shiroro Local Government of Niger. The rockslide buried 30 informal miners alive in a gold mining site. This followed the adoption of a motion at plenary on Thursday in Abuja on an “urgent need to address the incident of… Read More
TECHNOLOGY HEADLINES
BUSINESSDAY
Banks’ Tech Spend More Than Doubles On Epayment Boom, Inflation
Nigeria’s biggest banks increased their spending on Information and Technology (IT) by 159.22 per cent in the first quarter of 2024, driven by the growing adoption of electronic payments in the country. Seven banks surveyed by BusinessDay increased their IT spending to N73.09 billion, compared to N28.19 billion in the corresponding… Read More