NAIRAMETRICS
Market Optimism Prevails As NGX ASI Up By 401.18 Points, Market Cap Swells N227 Billion
The market capitalization of the Nigerian Stock Exchange (NSE) increased significantly by N227 billion to settle at N56.31 trillion, indicating a strong demand from investors. The major contributors to this impressive performance were TRANSPOWER and FBNH, which recorded substantial gains in their share prices. The NGX All-Share Index… Read More
PUNCH
Minimum Wage: Labour Slashes Demand To N500,000
There are strong indications that organised Labour will push for N500,000 as the minimum wage as the zonal public hearing on the new wage structure begins on Thursday (today) in Lagos, Kano, Enugu, Akwa Ibom, Adamawa, and Abuja. The President of the Nigeria Labour Congress, Joe Ajaero, in an interview on Arise TV on February 11, had stated… Read More
Independent Marketers To Commence CNG Sales – Official
Members of the Independent Petroleum Marketers Association of Nigeria have disclosed they are in talks with the Federal Government to commence the sale of compressed natural gas in their filling stations. The National Vice President of IPMAN, Hammed Fashola, in an exclusive interview with The PUNCH on Tuesday, said marketers’ existing… Read More
SUN
Federal Government Threatens To Revoke Licences Of Non-Performing DisCos
Minister of Power, Chief Adebayo Adelabu has again threatened to revoke the licences of distribution companies (DisCos) that are not performing. In a post on his X page on Wednesday, the minister said he invited chief executives of Abuja Electricity Distribution Company (AEDC) and Ibadan Electricity Distribution Company (IBEDC), as… Read More
ECONOMY HEADLINES
THISDAY
NPA Generated N501bn Revenue In 2023, Reiterates $1bn Port Reconstruction Plan
Nigerian Ports Authority (NPA) has disclosed that it recorded unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF) of the Federation last year, as its revenue grew from N361 billion in 2022, to N501 billion as of December 2023. NPA said its remittances increased from N93.4 billion in 2022, to N131.2… Read More
SUN
Federal Government Guarantees Security Of Investments In Gas Sector
The Federal Government has assured of the security and safety of investments in the country’s gas sector. Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, stated this on Wednesday, while hosting top officials of Shanghai Huayi Energy Chemical Company Group of China (HUAYI) and China Road and Bridge Corporation… Read More
70,000 Tractors Needed For Nigeria To Achieve Food Security – Federal Government
The Minister of Agriculture and Food Security, Abubakar Kyari, yesterday, disclosed that the country would need 70,000 tractors to achieve food security. He stated this in Abuja during a technical meeting with John Deere Group on Mechanisation. Kyari explained that the government had commenced the process of acquiring 10, 000 tractors over… Read More
POLITICAL HEADLIINES
SUN
Edo Assembly Begins Impeachment Process Against Deputy Governor
The feud between Governor Godwin Obaseki and his deputy, Philip Shaibu, has degenerated beyond settlement, as the Edo State House of Assembly, yesterday, commenced impeachment proceedings against Shaibu. The Majority Leader of the House, Charity Aiguobarueghian, who announced the impeachment notice during the… Read More
THENATION
Akpabio: Insecurity Has Abated Under Tinubu
Senate President Godswill Akpabio yesterday said insecurity in the country has drastically abated since President Bola Tinubu assumed office on May 29, 2023. Akpabio stated this while contributing to a debate on a motion on the latest killings in Benue State. Describing the Benue incident as an “aberration,” he said it was on record that the… Read More
TECHNOLOGY HEADLINE
NAIRAMETRICS
Forex Crisis, Declining Investment Threaten Nigeria’s 70% Broadband Target
Nigeria’s efforts to achieve a 70% broadband penetration by 2025 are facing significant challenges due to the ongoing foreign exchange crisis, which is affecting further investments in telecom infrastructure. The capacity of operators to invest in equipment has been diminished by the declining value of the Naira, coupled with a consistent… Read More