BUSINESSPOST
Local Stock Market Rallies By 0.55% On Strong Investor Sentiment
The Nigerian Exchange (NGX) Limited extended its positive outcome on Thursday with a 0.55 per cent after a one-day break to commemorate Workers’ Day on Wednesday. The growth was influenced by strong investor sentiment after the local stock market ended with 29 price gainers and 19 price losers, representing a positive market breadth… Read More
SUN
Nigerian Banks To Charge 0.375% Stamp Duty On Loans
Nigerian banks on Thursday announced that they will kick-start the implementation of the stamp duty charge of 0.375 per cent on loans backed by legal mortgages, shares, debentures or bonds. This is coming after the Federal Inland Revenue Service (FIRS) had directed banks to implement stamp duty on certain transactions that requires… Read More
THISDAY
Breaking: NDIC Increases Deposits Coverage Levels For Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) Thursday announced increase in the maximum deposit insurance coverage levels for all licensed deposit-taking financial institutions with immediate effect. Managing Director/Chief Executive, NDIC, Mr. Bello Hassan, disclosed this at a media briefing in Abuja. He said the maximum… Read More
DAILYTRUST
Nigeria Launches Advance Ruling System To Decongest Ports
The Nigeria Customs Service (NCS) has launched the Advance Ruling System to provide information on requirements to import products into the country. The system was done with the support of German Government within the framework of the Nigerian Energy Support Programme (NESP), a technical assistance programme co-funded by the… Read More
ECONOMY HEADLINES
THENATION
Petrol Scarcity Persists In Cities
Petrol – the all-important product that oils the wheel of the economy and aids the movement of commuters and goods – remained scarce across the country yesterday. The situation which started in parts of the country almost three weeks ago, sneaked into Lagos on Sunday, the commercial hub, and has since become crippling. There were… Read More
PUNCH
Fuel Supply: 9,000 Marketers May Lose Licences, Seek Federal Government’s Intervention
As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National Petroleum Company Limited to extend its final deadline for licensing renewal to July. It also appealed to the Nigerian Midstream and… Read More
SUN
We Need $2bn To Resuscitate Ajaokuta Steel –Abubakar
The Minister of Steel Development, Shuaib Abubakar, has said about $2 billion is needed to revive the Ajaokuta Steel Company. At an interactive session with the House of Representatives Committee on Steel Development, yesterday, he explained that the cost might be more after a technical audit of the company. The minister, who… Read More
POLITICAL HEADLINES
THISDAY
Shettima: Whoever Succeeded Buhari Would Have Made Tinubu’s Choices Or Let Nigeria Implode
Vice-President Kashim Shettima, yesterday, said whoever had succeeded former President Muhammadu Buhari, would have either chosen to steer the ship through the storm as President Bola Ahmed Tinubu has been doing or jumped the ship and let the country implode. Appealing to Nigerians to be patient with the current government as… Read More
VANGUARD
Minimum Wage: Governors Working On What States Can Pay — NGF
ABUJA- THE 36 State governors under the aegis of the Nigeria Governors Forum, NGF, have disclosed that they are reviewing their individual fiscal space as state governments and the consequential impact of various recommendations, geared towards arriving at what they described as an improved minimum wage they can pay sustainably. This… Read More
TECHNOLOGY HEADLINES
SUN
NIN-SIM Linkage: MTN Blocks 8.6m Lines As NCC Extends Deadline
MTN Nigeria says it has fully barred 8.6 million lines from the network in line with the directive of the Nigerian Communications Commission (NCC) on SIMs not linked to the National Identification Number (NIN) of the users. However, to provide more time for the subscribers with less than five lines linked to an unverified NIN to complete… Read More