VANGUARD
Stock Market Declines, Investors Lose N1.3trn In February
The Nigerian equities market witnessed a volatile and bearish run in February on the Nigerian Exchange Limited, NGX, as investors lost N1.3 trillion of their investment. Also, the benchmark NGX All Share Index, ASI, halted four consecutive months of growth in the midst of high selling sentiment and oscillation. Specifically, in the month of February… Read More
PUNCH
Tight Security At NEMA Stores As Hoodlums Loot FCT Warehouses
The police have beefed up security at the warehouses belonging to the National Emergency Management Agency nationwide following the looting of food warehouses in the Federal Capital Territory, Abuja, on Sunday, by suspected hoodlums. This was as soldiers foiled an attempt to raid a factory warehouse at the Idu Industrial District, Jabi, Abuja… Read More
FX Crisis: Customs Move To Release Detained Vehicles
The Federal Government has announced a 90-day window to regularise import duties on specific categories of vehicles. The National Public Relations Officer of the Nigeria Customs Service, Abdullahi Maiwada, disclosed this in a statement on Sunday. The development came amid rising number of detained vehicles as foreign exchange crisis… Read More
SUN
AFDB Supports Nigeria With $134m To Cultivate Rice, Maize, Others
The African Development Bank (AfDB) is supporting Nigeria with $134 million for the cultivation of rice, maize, cassava and soyabeans to boost food production. AfDB President, Dr Akinwunmi Adesina, made the disclosure at the weekend after visiting the Centre for Dryland Agriculture (CDA) at Bayero University, Kano. Adesina told newsmen… Read More
ECONOMY HEADLINES
PUNCH
Senate Summons CBN Officials Over N30tn Loans
The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways and Means loan was obtained and spent by the Federal Government during the Muhammadu Buhari-led administration. The Chairman of the Senate Ad-hoc Committee Senator Isah Jibrin, who made the disclosure in an exclusive interview with … Read More
SUN
Nigeria Signs Multi-Sectoral Agreements With Qatar
President Bola Tinubu and the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, yesterday, signed agreements between the two countries in Doha. The agreements open the door to maximising the potential of mutual cooperation in key areas, such as education, youth empowerment, enterprise development, investment… Read More
VANGUARD
MPC: Federal Government Fights Inflation As CBN Mops Up N5trn
Efforts by the Federal Government to curb the rising inflation will lead to N5 trillion cash mop up from the banking industry as the Central Bank of Nigeria, CBN implements the hike in banks’ Cash Reserve Ratio, CRR to 45 per cent. The CRR which represents banks’ cash reserves for purposes of meeting cash obligations on demand was moved… Read More
POLITICAL HEADLIINES
THISDAY
Adelabu Urges State Governments To Invest In Mini Power Generation
In line with the federal government’s determination to improve on electricity supply under the Presidential Power Initiative (PPI), the Distribution Companies (Discos) have urged to improve on their capitalisation to enable them deliver on their mandate. The Minister of Power, Adebayo Adelabu, who gave the charge, also admonished state… Read More
VANGUARD
Only Implementation Of Agreement Will Stop Nationwide Strike, NLC Insists
The Nigeria Labour Congress, NLC, insisted yesterday that the only thing that would stop the planned nationwide strike over the hardship in the country was the federal government’s honouring of the agreement it had with labour. This was contained in the latest letter written to the government, where in the NLC dismissed claims by the federal… Read More
TECHNOLOGY HEADLINE
PUNCH
SIM-NIN Linkage: Blocked Lines Rise To 40 Million
No fewer than 40 million telephone lines were barred by telecommunication operators over the weekend following the expiration of the February 28, 2024 deadline issued by the Nigerian Communications Commission mandating telecom consumers to link the Subscriber Identity Module to their National Identity Numbers. This represents a 28… Read More