PUNCH
Equity Market Dips 0.40% On Sell-Offs
The Nigerian exchange declined by 0.40 per cent as investors reacted to the latest Consumer Price Index figures from the country’s statistics bureau. At the close of trade on Monday, the All-Share Index and the market capitalisation shed 0.40 per cent to 104,663.34 points and N59.18tn, respectively. Analysts at Arthur Stevens Asset… Read More
Green Finance: Stakeholders Seek Improved SMEs Funding
Stakeholders at the 2024 Green Finance Conference have called for increased funding for Small and Medium Scale Enterprises, as well as more effective strategies for addressing climate change challenges. The conference, held in Lagos recently, had the theme ‘The Role of Africa’s Private Sector in The Paris Agreement on Climate Change’… Read More
VANGUARD
Pension Funds Investment In Infrastructure Up 32.9% To N150.8b
Investment in Infrastructure Funds by Pension Fund Administrators, PFAs, has hit N150.8 billion in January 2024, showing a 32.9% Year-on-Year, YoY, increase from N113.485 billion recorded in the corresponding period of 2023. Latest data released by the… Read More
THISDAY
FCCPC: Unregulated AI May Exploit Consumers, Pose Cyber-security Risks
The acting Executive Vice-Chairman/Chief Executive, Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, has said expressed concerns that the integration of Artificial Intelligence (AI) in the country’s consumer landscape, if not regulated, would result in unintended consequences including privacy… Read More
ECONOMY HEADLINES
THENATION
Nigeria, Benin To Boost Trade, Cooperation
Nigeria and the Republic of Benin have taken steps towards solidifying their diplomatic and economic ties. A statement from the Ministry of Finance said this happened at a recent High-Level Meeting, which saw the Beninise government present a proposal aimed at enhancing bilateral trade and implementing measures for further trade harmonization… Read More
PUNCH
Port Harcourt Refinery: Marketers Eye Fuel Price Reduction, Ready To Load
The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced from the Port Harcourt Refining Company once the plant begins operations next month. IPMAN and MEMAN… Read More
Naira Depreciation Pushes Nigeria’s Imports To N35tn
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics. A breakdown of the data showed that in the first and second quarters of 2023, total imports stood at N6.4tn. It increased to N9tn in the third quarter and again to N14tn in the fourth quarter. By volume, manufactured… Read More
POLITICAL HEADLINES
PUNCH
Soldiers’ Killing: Army, Delta Community Differ Over Reprisal As Troops Arrest 20
The Nigerian Army, on Monday, said the Okuama community in the Ughelli South Local Government Area of Delta State where military personnel were killed, had resorted to propaganda. It denied any form of reprisal on the community, as The PUNCH gathered that about 20 suspects have been arrested. Also on Monday, the Defense… Read More
THENATION
Alleged N4.1b Property Fraud: EFCC Recovers 324 Houses For Kano Pensioners
The Economic and Financial Crimes Commission (EFCC) yesterday handed over documents of properties and 324 houses recovered for Kano State pensioners to them. The handing over of the houses by the Abuja Zonal Command of the EFCC, followed a final forfeiture order granted by Justice I.E. Ekwo of the Federal High Court in… Read More
TECHNOLOGY HEADLINES
NAIRAMETRICS
Undersea Cable Cuts: NCC Says Services Are 90% Restored
The Nigerian Communications Commission (NCC) has that telecom operators have now restored up to 90% of voice and data services disrupted by the recent undersea cable cuts. The Commission disclosed this in a statement signed by its Director of Public Affairs, Reuben Muoka on Monday. According to the statement, all operators who… Read More
