BUSINESSDAY

Stock Market In Red As MPC Hikes Rate Again

Nigeria’s equities market closed in the red zone on Tuesday (-18 percent or N104billion), negatively reacting to another rate hike by the Monetary Policy Committee (MPC). Rising from its two-day meeting, the MPC raised the Monetary Policy Rate (MPR) to 24.75 percent, representing 200 basis points increase. As a result of Tuesday’s rate hike by… Read More

Nigerian Farmers Lose Over ₦12bn To Ginger Blight Outbreak — Federal Government

The Federal government through the Ministry of Agriculture and Food Security has confirmed the ginger blight outbreak in Nigeria, which has resulted to over N12 billion losses to farmers. Aliyu Sabi Abdullahi, the Minister of state for Agriculture and Food Security disclosed this in Abuja on Monday. According to him, the epidemic which has… Read More

DAILYTRUST

Eko Distribution Company Redeploy CEO, Chiefs Over NERC Directive

The Board of Eko Electricity Distribution Company has redeployed Dr. Tinuade Sanda from her position as managing director/chief executive officer. In a letter signed by the company’s chairman, Dere Otubu and seen by Daily Trust, the company explained that the decision was due to a directive from the industry regulator, NERC. A statement by Eko… Read More

THISDAY

NUPRC Meets With Crude Producers, Refineries’ Owners, Wants Full Adherence To Domestic Supply Policy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday met with crude oil producers as well as refineries’ owners in Nigeria in a bid to ensure full adherence to Domestic Crude Oil Supply Obligation (DCSO) as enunciated under section 109(2) of the Petroleum Industry Act (PIA). The section compels crude oil producers in the… Read More

ECONOMY HEADLINES

SUN

Expedite Action On Recapitalisation, CBN Tells Banks

The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite action to increase their capital base from the current N25bn. CBN Governor Olayemi Cardoso stated this during the apex bank’s 294th meeting of the Monetary Policy Committee (MPC) on Tuesday in Abuja, when the MPC hiked the interest rate… Read More

DAILYTRUST

No Enough Crude For Port Harcourt Refinery, Others – Minister

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has once again expressed fear that the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, Kaduna refinery and modular refineries in the country may not get enough crude oil locally for the production of petroleum products without… Read More

NAIRAMETRICS

LASG, FAAN Sign MOU For New 28km Toll Road Linking Shasha Road To Airport

The Lagos State Government, through the Office of Public-Private Partnerships and the State Ministry of Works and Infrastructure, has entered into a Memorandum of Understanding (MoU) with the Federal Airport Authority of Nigeria (FAAN) to build a 28km toll road. This new road will stretch from Shasha Road to the Airport toll gate… Read More 

POLITICAL HEADLINES

THISDAY

Tinubu: We Must Treat Kidnappers As Terrorists, They Are Cowards

President Bola Tinubu, yesterday, condemned what he described as the ‘reprehensible acts’ perpetrated by kidnappers across the country, declaring that individuals involved in such despicable crimes must be treated as terrorists. This was as the Zamfara State Governor, Dauda Lawal, has said the state was under the siege of banditry and… Read More

DAILYTRUST

Federal Government To Prioritize Establishment Of Nutrition Departments — Shettima

As part of the Federal Government’s efforts to accelerate the implementation of nutrition and related interventions in the country, Vice President Kashim Shettima has said the present administration will prioritize the creation of nutrition departments in designated federal ministries and improved funding of nutrition activities in the country. The Vice… Read More

TECHNOLOGY HEADLINES

PUNCH

NCC Insists On SIM-NIN Deadline, Telecommunication Companies Bar Lines Friday

Telecommunication companies will disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) on Friday, March 29, 2024, the Nigeria Communications Commission has said. The Director of Public Publicity at the NCC, Reuben Mouka, told The PUNCH on a telephone call that that there would be… Read More