BUSINESSPOST
Selling Pressure Sinks Nigerian Equities By 0.09%
Nigerian equities further depreciated by 0.09 per cent on Tuesday following persistent selling pressure in the major sectors of the market. The consumer goods index lost 0.47 per cent during the session, the banking counter fell by 0.41 per cent, and the industrial goods index decreased by 0.17 per cent, while the insurance sector increased by 0.81 per… Read More
THENATION
Electricity Consumers Rise To 12.33m In Q1 2024, Says NBS
A report released by the National Bureau of Statistics (NBS) has shown an upsurge in the number of electricity in the first quarter of the year. The report captured in its Electricity Report for the first quarter (Q1) of 2024 released yesterday, saw a 1.78 per cent increase in consumers which rose by 210,000 from 12.12 million in the fourth quarter of… Read More
VANGUARD
NIMASA Moves To Replace Foreign Seafarers With Qualified Nigerians Sailors
Administration and Safety Agency, NIMASA, has commenced moves to replace foreign seafarers with qualified Nigerian seafarers. Meanwhile the agency plans to commence the third phase of the National Seafarers Development Programme, NSDP. Speaking yesterday at the 2024 World Seafarers’ Day in Lagos, NIMASA’s Director General, Dr… Read More
NAIC Provides N1.01trn Insurance Cover To Farmers
The Nigerian Agricultural Insurance Corporation (NAIC) said it has provided cover worth ¦ 1.014 trillion to the agricultural sector in the last five years. The Managing Director (MD) of the corporation, Mrs. Folashade Joseph disclosed this in Abuja on Monday, while hosting a delegation from the United Arab Emirates (UAE). According to Joseph about… Read More
ECONOMY HEADLINES
SUN
Minimum Wage: FEC Defers Decision On Minimum Wage
Minister of Information and National Orientation, Mohammed Idris, has said President Bola Tinubu would engage in further consultations on the new national minimum wage before presenting an executive bill to the National Assembly. Addressing State House correspondents after the Federal Executive Council (FEC), Idris said the… Read More
VANGUARD
CBN Will Support Eurobond Issue, Measures To Boost External Reserves – Cardoso
Governor, Central Bank of Nigeria, Olayemi Cardoso yesterday said that the apex bank will support measures to boost the nation’s external reserves including the proposed Eurobond issue by the Federal Government. Cardoso stated this in an interview with Bloomberg TV, saying, “We should have a diversity of sources. It shouldn’t just be the… Read More
PUNCH
CBN Projects Lower Inflation, Says Reforms Attract $24bn Inflow
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says inflationary pressure has started dropping as a result of the central bank’s policy measures, which aim to reduce the current inflation rate of 33.69 per cent. This was as he revealed that the country recorded a total foreign exchange inflow of about $24bn in the first quarter of 2024… Read More
POLITICAL HEADLINES
PUNCH
Senate Didn’t Approve New Presidential Jets, Says Akpabio
The Senate President, Godswill Akpabio, said on Tuesday, that the Senate had not approved the purchase of new presidential jets for the use of President Bola Tinubu and Vice President Kashim Shettima. He described as malicious a report (not by The PUNCH) quoting him to have said the National Assembly would approve the purchase… Read More
THENATION
National Assembly To Get Supplementary Budget Thursday
A Supplementary Appropriation Bill containing request for a new presidential jet may be forwarded to the National Assembly tomorrow, it was learnt last night. During his May 29 speech to the joint sitting of the Senate and House of Representatives at the National Assembly complex, President Bola Ahmed Tinubu told the lawmakers to… Read More
TECHNOLOGY HEADLINES
SUN
NITDA Unveils Strategies To Achieve 70% Digital Literacy By 2025
The National Information Technology Development Agency (NITDA) has announced a comprehensive plan to equip 70% of Nigerians with digital literacy skills by 2025. This ambitious target aligns with NITDA’s ongoing digital literacy campaign and will be achieved through innovative approaches, collaborative efforts, and stakeholder… Read More