PUNCH

Bargain Hunting Drives Equity Market To N2tn Gain

The activities of investors positioning themselves ahead of the dividend-paying season led to another positive week as the Nigerian Exchange gained N2.12tn in the past week. The All-Share Index appreciated by 3.71 per cent week-on-week, reaching 105,085.25 index points. In tune with the movement of the ASI, the total market capitalisation of listed… Read More

NICA Advocates Business-Friendly Loans For SMEs

The National Institute of Credit Administration has said the availability of loans with low interest rates and flexible repayment terms will boost the profitability of small and medium scale Enterprises. In a statement made available to our correspondent on Sunday, the Chief Executive Officer of NICA, Prof. Chris Onalo, said a business-friendly loan… Read More

SUN

Nigeria’s Electricity Tariff Lowest In West Africa –Minister

The Federal Government has said that Nigeria ranks lowest in electricity tariff payment among the countries in West Africa. Minister of Power, Mr. Adebayo Adelabu, stated this during a working visit to Ikeja Electricity Distribution Company (IKEDC) in Lagos at the weekend. The Minister, however, said Nigerians were willing to pay more if… Read More

Nigeria To Save N94bn From Non-Import Of Palm Oil –SON

The Standard Organization of Nigeria (SON) has disclosed that through strict adherence to standards and quality requirements, Nigeria could save over N94 billion on the non-import of palm oil, thereby attracting increased foreign earnings in the non-oil sector. The Director General/ Chief Executive of SON, Dr. Ifeanyi Okeke, who made the remark… Read More

ECONOMY HEADLINES

PUNCH

Senate Warns Against Supplementary Budget, Excess Loans

The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use the excess savings that are expected to be made from the recent depreciation of the naira to fund deficit. This came against the backdrop of the depreciation of the local currency against the… Read More

Federal Government Eyes $1bn World Bank Loans For IDPs, Agric

The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country. The request is contained in World Bank documents titled, ‘Solutions … Read More

SUN

Customs Reopens Kebbi–Niger Republic Border

The Controller of Nigeria’s Custom Service (NCS), Kebbi State Area Command, Comptroller Iheanacho Ojike has reopened the Kamba border post in Kebbi State which shares boundary with Niger Republic. Ojike noted that the reopening of the international border was sequel to the directives of the Comptroller General of Customs, Adewale… Read More

POLITICAL HEADLIINES

THISDAY

NJC Warns Retired Judges Against Scammers

The National Judicial Council (NJC) has urged retired judicial officers to be wary of persons contacting them on issues relating to the payment of their retirement benefits. The advice is following incessant bids by a group of scammers who have targeted the retired judges; promising to help them fast-track payment of their monies. According to the… Read More

SUN

CSOs, Lawyers Say Charging Ex-Gov Yahaya Bello For Crime Predating His Tenure Reflects Desperation Without Due Diligence

Civil Society Organisations and human rights lawyers have called on the Economic and Financial Crimes Commission (EFCC) to save the image of Nigeria by not prioritising political battles that are counterproductive to the robust anti-corruption policy of the President Bola Tinubu administration. The scores of activists and lawyers… Read More

TECHNOLOGY HEADLINE

PUNCH

Federal Government Plans Talks With Ghana, Others To Protect Undersea Cables

The Minister of Communications and Digital Economy, Bosun Tijani, has announced plans to spearhead a global collaboration aimed at enhancing the protection of undersea cables. The minister made this disclosure on social media platform, X (formerly Twitter) on Sunday. These comments came against the backdrop of undersea cable cut that has affected… Read More