SUN
MTNN, Dangsugar Drive Equities Market By N412bn In Thursday’s Trade
The Nigerian equities market on Thursday closed in a positive territory as the gains recorded in MTN Nigeria, Dangote Sugar and the Transpower grew investors wealth by N412.47 billion. Consequently, the benchmark All-Share Index (ASI) and market capitalization rose to 100,335 basis points or 0.75 per cent) and N56.73 trillion respectively from the… Read More
PUNCH
Recover Unremitted N5tn MDA Taxes, House of Representatives Tell FIRS
The House of Representatives, on Thursday, directed the Federal Inland Revenue Service, FIRS, to recover all taxes totalling over N5.19tn owed the Federal Government by ministries, departments and agencies, oil companies as well as individuals. The resolution followed the adoption of a motion by the member representing Oredo Federal Constituency… Read More
CBN, Blockchain Firm Sign MoU To Boost eNaira Adoption
The Central Bank of Nigeria has signed a Memorandum of Understanding with blockchain firm, Gluwa, to accelerate the adoption of eNaira, Nigeria’s digital currency. In an announcement made on Thursday, Gluwa disclosed that the partnership aimed at utilising blockchain technology to strengthen the technical capabilities of the eNaira… Read More
VANGUARD
Minimum Wage: NLC, TUC Split, Want Different Pay In Zones
Organised Labour was divided, yesterday, over what the new minimum wage should be. The lack of unanimity was evident at public hearings organised by the Tripartite Committee on National Minimum Wage, TCNMW, across four of the six geo-political zones of the country. In the South-West, while leaders of the Nigerian Labour Congress, NLC… Read More
ECONOMY HEADLINES
PUNCH
House Of Representatives Demand 2024 Budget Review Over Forex Crisis
The House of Representatives has called for a review of the 2024 budget projections owing to the free fall of the naira in the past few months. Rising from plenary session on Thursday, the lawmakers adopted a motion on matter of public urgent importance titled, “Need to evaluate the implications of the current exchange rates on the 2024 national… Read More
AfCFTA: Nigeria Commences Export To South-Africa, Others In April
Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon and Kenya from next month under the Guided Trade Initiative of the African Continental Free Trade Area, the national centre of AfCFTA announced on Thursday. Although some businesses in Nigeria currently export products to… Read More
VANGUARD
CBN Reports 433% Upsurge In Remittances To $1,3bn In February
The Central Bank of Nigeria, CBN, has reported a 433 per cent upsurge in Diaspora remittances to $1.3 billion in February from $300 million in January. Disclosing this yesterday while speaking with newsmen in Abuja, the Acting Director of Corporate Communications, CBN, Mrs Hakama Sidi Ali, said, “The Bank’s data indicates that overseas… Read More
POLITICAL HEADLIINES
SUN
Federal Government Will Not Treat Those Calling For Coup With Kids Gloves –Minister
The Minister of State for Defence, Dr. Bello Muhammed Matawalle, has described those calling for a military putsch as agents of darkness and warned them to desist from their inglorious activities or face the consequences. According to him, government will not treat those behind the call with kid gloves. The minister, in statement by the… Read More
VANGUARD
House Of Representatives Threaten Warrant Of Arrest On IOCs’ Chiefs
The House of Representatives tripartite committees investigating the implementation of corporate social responsibility by multinational oil companies and other corporate bodies in the South-South have threatened to issue warrant of arrests on the headship of the companies that failed to honour their summons. Chairman of the tripartite… Read More
TECHNOLOGY HEADLINE
SUN
NIN-BVN: Group Begs Federal Government To Consider Diaspora Nigerians
In order to include Nigerians residing abroad in the scheme of things, Clement Osuya, President of the World United Consumer Organisation (WUCO), has urged the federal government to extend the deadline for linking the National Identity Number (NIN) and Bank Verification Number (BVN). In a statement, Osita criticised the Central Bank… Read More