BUSINESSPOST
Stock Market Regains Investors’ Confidence As Index Rises 0.83%
A 0.83 per cent appreciation was recorded on Friday by the Nigerian Exchange (NGX) Limited, as investors, who left the market due to panic selling, returned. The growth posted yesterday by the stock market was the third in a row, a scenario that has not happened in a while at the bourse. Buying pressure across the key sectors of Customs… Read More
BUSINESSDAY
Money Outside Banks Rise To N3.63trn As Lenders Resume Cash Processing Fees
Money outside the banking system, also known as currency outside banks (COBs) rose by 10.67 percent in the first quarter of 2024, despite a decline in money supply (M2). Data from the Central Bank of Nigeria (CBN) showed that COBs increased to N3.63 trillion in March 2024 compared to N3.28 trillion recorded in January 2024. On a month-on… Read More
PUNCH
FAAN, NSA To Cut Physical Security Checks At Airports
The Federal Airports Authority of Nigeria has said it has concluded plans with the Office of the National Security Adviser to reduce the number of security checkpoints at the country’s airports. This follows complaints by travellers who have bemoaned the delays caused by multiple physical security checks. Speaking with newsmen over the weekend… Read More
THENATION
Government Begins Disbursement Of N50b Grants To Small Firms
Beneficiaries of the Federal Government’s N50,000 grant for nano business owners have started receiving credit alerts. Minister for Industry, Trade and Investment Dr Doris Uzoka-Anite, who confirmed this at the weekend, said no fewer than 200,000 small business owners have received the payment. According to her, 800,000 others will get… Read More
ECONOMY HEADLINES
PUNCH
Major Marketers Demand More Fuel As Depots’ Stock Drops
In an attempt to put an end to the fuel scarcity that has lingered for about two weeks across the country, petroleum marketers on Sunday advised the Nigerian National Petroleum Company Limited and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to continue its emergency fuel supply for another two weeks. This came as the NMDPRA disclosed that about 4,000 trucks laden with Premium Motor Spirit… Read More
THISDAY
Nigeria Links Up With 15 African Countries To Join Afreximbank’s Fund For Export Development
Nigeria has acceded to the establishment agreement for the Fund for Export Development in Africa (FEDA), the development impact investment platform of the African Export-Import Bank (Afreximbank). Nigeria joined the ranks of countries acceding to the establishment agreement of FEDA, becoming the 16th nation to do so, underscoring the… Read More
Federal Government: Revival Of Local Pharmaceutical Industry Will Reduce Cost Of Medicines
The federal government has given assurances that current effort to rejuvenate local pharmaceutical industry will lead to lowering of cost of medicines in the country. It assured Nigerians that the various policy measures already put in place by the President Bola Ahmed Tinubu administration would soon begin to reflect positively in the cost of… Read More
POLITICAL HEADLINES
SUN
Tinubu’s Administration Tackling Insecurity, Economic Hardship –Adaramodu, Senate Spokesman
Yemi Adaramodu is the senator representing Ekiti South senatorial district in the 10th Senate on the ticket of the ruling All Progressives Congress (APC). He was chief of staff to the governor of Ekiti State and was later elected to the Federal House of Representatives. He is currently the spokesman of the Senate. In this interview, he spoke on a… Read More
VANGUARD
Northern Activists, NNPP Caution Federal Government Against Military Pact With US, France
Some northern activists and New Nigeria Peoples Party Party, NNPP, weekend cautioned the Federal Government against signing any military pact with the US and France to pave way for relocation of their military bases to the country. The northern leaders have actually written President Bola Ahmed Tinubu and the National Assembly, NASS, on… Read More
TECHNOLOGY HEADLINES
PUNCH
Lagos-Calabar Highway: Telcos Fear Shutdown As Construction Threatens Cables
Barely 48 hours after Multichoice alerted subscribers to a three-day technical downtime, telecommunication companies have expressed concern over possible connectivity disruptions as construction advances on the 700km Lagos-Calabar Coastal Highway. While the DStv and GOtv owner acknowledged the anticipated impact of the… Read More