PUNCH

Equity Market Rebounds, Gains Over N3tn In One Week

The Nigerian stock market reversed the previous week’s dip, as investors gained N3.36tn last week. The All-Share Index rose by 2.61 per cent week-on-week to 101,330.85 points, underpinned by a renewed positive sentiment, largely driven by heightened expectations among market participants reacting to various economic data and in… Read More

Federal Government, Ogun Offer Grants To Over 17,000 MSMEs

The Federal Government and the Ogun State Government have given grants to more than 17,000 Micro, Small and Medium Enterprises and traders in the state. According to a statement from the Ogun State Government on Sunday, Vice President Kashim Shettima announced this during the second Expanded National Micro, Small and… Read More

SUN

Tinubu Orders Customs To Return Seized Food Items To Owners

President Bola Tinubu has ordered the Nigeria Customs Service (NCS) to return the food items seized at various border communities to their rightful owners, with the caveat that the items would be sold in Nigerian markets. The Comptroller General of Customs, Adewale Adeniyi, made the disclosure in Katsina at the weekend, while meeting with… Read More

THISDAY

NECA, CPPE Commend Federal Government’s Suspension Of $15,000 Expatriate Employment Levy

Nigeria Employers’ Consultative Association (NECA) and Centre for the Promotion of Private Enterprise (CPPE) have commended the federal government for putting on hold the implementation of the Expatriate Employment Levy (EEL). The government recently announced $15,000 and $10,000 levy on companies employing expatriates… Read More

ECONOMY HEADLINES

VANGUARD

Hunger: If Federal Government Fails To Secure Farmers, Food Prices Will Remain High – FACAN

Governors of the thirty- six states, under the aegis of Nigeria Governors’ Forum, NGF, have said they were on top of the situation to address issues of food crisis, economic hardship and hunger in the country, introducing different strategies and measures. The governors said they had taken several proactive steps to counter the present food crisis as… Read More

PUNCH

Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU

International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now. It stated this in its latest Country Report on Nigeria, which was published on Friday. The CBN unified segments of the country’s foreign exchange market on June 14, 2023, which resulted in… Read More

SUN

We Are Investing $25bn In Agriculture To Tackle Africa’s Food Crisis –Adesina, AfDB President

President, African Development Bank (AfDB), Dr. Akinwumi Adesina, is passionate about solving Africa’s food insufficiency nightmare. To do this, he has designed strategic investment templates to address specific food production challenges in different African countries. Adesina, who was in Lagos recently to receive the 2024 Obafemi… Read More

POLITICAL HEADLIINES

PUNCH

Schools In 14 States, FCT Risk Attacks, Says Federal Government

Against the backdrop of the resurgence of the mass abduction of pupils, the Federal Government has said schools in 14 states and the Federal Capital Territory, Abuja, are at risk of attacks by bandits and insurgents. The National Coordinator of Financing Safe Schools in Nigeria, Hajia Halima Iliya, confirmed to The PUNCH on Sunday… Read More

DAILYTRUST

Protesters Ask Edo Assembly To Halt Impeachment Move Against Deputy Governor

Members of the People’s Democratic Party (PDP) in Edo North have staged a peaceful protest calling on the state House of Assembly speaker, Hon. Blessing Agbebaku, to withdraw the impeachment notice served on the deputy governor, Philip Shaibu. Recall that the state assembly last week served an impeachment notice on the deputy… Read More

TECHNOLOGY HEADLINE

PUNCH

Federal Government Plans Research, Development Fund –Minister

The Federal Government plans to create an innovation fund for research and development. The Minister of Science and Technology, Uche Nnaji, revealed during an official visit to the Technology Incubation Centre in Agege, Lagos, recently. He clarified that the R&D Fund aimed to support experts and individuals excelling in technology to advance… Read More