GUARDIAN
Equities Reopen Upbeat As Gains In MTNN, Others Lift Indices By N41b
The Nigerian equities market rebounded at the reopening of transactions, yesterday, as bargain hunting in MTN Nigeria and 15 stocks pushed market capitalisation by N41 billion. Specifically, at the close of transactions yesterday, the All Share Index (ASI) rose by 76.36 points, representing an increase of 0.14 per cent to close at… Read More
199 Non-Oil Export Firms To Receive FG’s N309 Billion Grant
The Federal Government has approved disbursement of N308, 458, 160, 546.41 worth of promissory notes to 199 exporting companies. According to a statement signed by Head, Corporate Communications, Nigerian Export Promotion Council, Ndubueze Okeke, the disbursement comes under the Export Expansion Grant scheme… Read More
PUNCH
Anchor Borrowers: CBN Faults IMF’s Poor Rating
The Central Bank of Nigeria has disclosed that N503bn representing 52.39 per cent has been repaid by farmers under the Anchor borrowers programme as of February 2023. This was made known by the Acting Director, Corporate Communications Department, AbdulMumin Isa, in a statement on Monday. This figure, however, contradicts… Read More
LEADERSHIP
DMO Raises N1.2bn As March Savings Bond Offer Opens
The Debt Management Office(DMO) realised N1.2billion from the February Savings Bond offer even as it has opened the March offer of the Federal Government Savings bond. According to the offer document released yesterday by the debt office, the two year bond, which will be due on March 15, 2025 is being offered at 9.465 per cent per… Read More
ECONOMY HEADLINES
PUNCH
Federal Government Records N7.34tn Fiscal Deficit In 11 Months – Report
The Federal Government recorded N7.34tn fiscal deficit between January 2022 and November 2022, according to figures obtained from the Central Bank of Nigeria. The CBN revealed this in the statement presented by a member of the Monetary Policy Committee, Mike Obadan, at the last MPC meeting in January Speaking on the fiscal… Read More
SUN
Analysts Project MPR Rate To Hit 20%
Analysts at Coronation Research have said they expect a +150 basis points (bps) policy rate hike in 2023 to 20 per cent. This is coming after the International Monetary Fund (IMF)’s recent perspective on Nigeria via its Article IV Mission. According to the publication, Nigeria has recovered from the impact of the COVID-19 pandemic on the back of… Read More
Domestic Investors Outshine Foreign Counterparts As Transactions Hit N170bn In January
Domestic investors on the Nigerian Exchange Limited outshined their foreign peers with a total value of transactions at N170.20 billion compared to foreign transactions which stood at N24.90 billion in January 2023. Domestic investors on the Nigerian Exchange Limited outshined their foreign peers with a total value of transactions at N170.20… Read More
POLITICAL HEADLIINES
TRIBUNE
9 Days After, INEC Releases Names Of Senators-Elect For 10th National Assembly
The Independent National Electoral Commission (INEC) has released list of Senators-elect, following the February 25 Presidential and National Assembly elections. The list was posted on INEC’s verified Twitter handle on Monday night. The Commission had announced in a statement at the weekend that it would present certificates of return to… Read More
THIS DAY
INEC’s Application To Court To Reconfigure BVAS Raises Integrity Questions
he Independent National Electoral Commission (INEC) decision to approach the Court of Appeal in Abuja, for an order varying the permission the court had previously granted the Peoples Democratic Party (PDP) and Labour Party (LP) to inspect materials used by the commission in the conduct of the February 25 presidential election… Read More
TECHNOLOGY HEADLINES
BUSINESS DAY
Tax, Broadband Top Telecom Agenda For Tinubu Nigeria’s incoming president will have to tackle many challenges facing the Information and Communication Technology sector, including excessive tax control, Right of Way (RoW) cost reduction, job creation, and connectivity, to tap its full growth potential. The sector in recent times has been a major source of revenue and growth to the country’s… Read More