Daily Business Headlines – JUNE 13 2023

NAIRAMETRICS

ETERNA, UNITY BANK Leads As NGX Top Gainers For The Week

The Nigerian Exchange (NGX) closed bullish as the All-Share Index appreciated by 0.20% in the week ended 9th June 2023. The Market Capitalization gained N60 billion drilled at N46.643 billion that exchanged hands last week in 35,122 deals. on the course of the week to close at N30.455 trillion as against N30.395 trillion recorded… Read More

LEADERSHIP

CPPE Charges NNPCL To Adjust Petrol Pump Price

The Centre For the Promotion of Private Enterprise (CPPE), has suggested that the Nigerian National Petroleum Company Limited(NNPCL), considers a direct intervention measures by adjusting its petrol pump price as the rise in the price of petrol continues to push up cost of services and rise in prices of food items. To help cushion the… Read More

GUARDIAN

PENCOM Targets 2.2 Million Informal Sector Operators

The National Pension Commission (PenCom) has revealed plans to extend pension coverage to over 2.2 million Nigerians in the informal sector of the economy, which creates about 80 per cent of jobs. The commission revealed this on the side-lines of the maiden Micro Pension Open Day organised by the Pension Operators… Read More

PUNCH

Create Friendly Business Environment, NECA Tells Federal Government

The Nigeria Employers’ Consultative Association has urged the Federal Government to decisively deal with the government’s revenue challenge and the generally inhospitable business environment. In a statement on Monday, the Director General of NECA, Mr Wale Oyerinde, advised the government to make urgent efforts… Read More

ECONOMY HEADLINES

GUARDIAN

Improving Power Sector, Economic Potential Via Capacity Building

Globally, electricity remains at the fulcrum of socio-economic development, especially as it relates to quality of life and the standard of living of every citizen. Regrettably, Nigeria continues to lead the pack of countries with weak economies as evidenced in its poor living standard. In 2021, the World Bank in a factsheet titled Power… Read More

NACCIMA Urges OPS, Federal Government On Pro-Business Policies

The Nigerian Association Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has charged the organised private sector (OPS) to strengthen its engagement with the Federal Government to formulate pro-business policies that would drive inclusive growth and development for the country. Indeed, NACCIMA… Read More

VANGUARD

Economists, Former CIBN Boss Task Govt, Others Over Use Of Data

Economists and other private sector operators have called on government and private businesses to make use of useful data in order to initiate policy and investment decisions that address problems in the economy. The advice was given at the launch of a book titled “Nigeria in Figures, a socio-economic Data Book “written by… Read More

POLITICAL HEADLIINES

LEADERSHIP

Anxiety As 10th NASS Elects Presiding Officers Today

As the nation looks forward to the emergence of a new leadership of the National Assembly today, there is heightened anxiety as contenders for the top seats in both chambers have stuck to their guns despite efforts to make them yield ground for the preferred candidates of the ruling All Progressives Party  (APC). LEADERSHIP reports… Read More

TRIBUNE

10th NASS: My Advocacy For Southern Christian Senate President Misconstrued — Shettima

Vice President Kashim Shettima has raised the alarm over what he said was the twisting of his advocacy for a Southern Christian senate president for the purpose of balancing because of the present political configuration of the country. His appeal had come during an interactive session with senators campaigning for the emergence… Read More

TECHNOLOGY HEADLINES

GUARDIAN

Africa Can Enhance Governance Structures With Blockchain More than 60 years of independence and ruinous governance is still a millstone on the neck of Africa that goes deep into the physique of the continent and its well-being. Graft, counterproductive policies, deception, lack of accountability, and transparency are among the instances of poor governance. Cut-rate governance drives… Read More