BUSINESSPOST
Stock Market Closes Flat Amid Sell-Offs In PZ, International Breweries
The local stock market traded flat on Wednesday, though bearish sentiments persist, caused by sustained profit-taking in the financial and consumer goods sectors. PZ Cussons ended as the worst-performing equity after its value went down by 10.00 per cent to N34.20, as International Breweries followed with a decline of 9.89 per cent to trade at… Read More
BUSINESSDAY
Cocoa Rush: Farmers Revive Old Trees Amid Price Surge
Nigeria’s cocoa farmers are racing to plant more high-yielding seedlings to replace old trees while expanding their growing areas after a six-fold jump in prices this year. This, according to the Cocoa Farmers Association of Nigeria, will help boost the country’s cocoa output in three years when they start fruiting. Production may climb by 500,000 to… Read More
PUNCH
CWEIC Urges Federal Government, States To Strengthen Collaboration On Trade
The Chief Executive Officer of the Commonwealth Enterprise and Investment Council, Rosie Glazebrook, has canvassed for a deepened collaboration between the federal and state governments that would strengthen trade and investment opportunities between Nigeria and other member countries of the Commonwealth. Glazebrook made a case for… Read More
Forex Crisis: Damaged Vehicle Imports Soar, Say Agents
Licensed customs agents have blamed the foreign exchange crisis for the rising import of damaged vehicles into the country to about 80 per cent. The agents, who spoke with The PUNCH on Tuesday, added that it was also cheaper to purchase damaged vehicles overseas and fix them in the country than importing newer ones. The Vice… Read More
ECONOMY HEADLINES
PUNCH
Federal Government Plans Fresh Audit Of N2.7tn Subsidy Debt
The Federal Government is set to commence a fresh audit of the N2.8tn fuel subsidy claim by the Nigerian National Petroleum Company Limited. An audit firm, KPMG had conducted an initial audit reducing the claims from N6tn to N2.7tn. The Federal Government is also considering either engaging an external audit firm or directing the Office of the… Read More
THENATION
More Food Items, Drugs, Educational Materials To Be Exempted From VAT
Large number of food items, medications, educational materials and other items are to be exempted from Value Added Tax (VAT), it was learnt yesterday. The Federal Government plans to streamline taxes and improve the business environment. The Presidential Committee on Fiscal Policy and Tax Reforms, led by Taiwo Oyedele, at a… Read More
THISDAY
Federal Government Opens Talks with Vendors for Supply of 85,000 Farm Equipment
The federal government has opened discussions with Chinese agricultural/construction machinery vendors to boost the current administration’s agricultural transformation agenda as well as achieve food security. This followed a closed-door session between top officials of Federal Ministry of Agriculture and Food Security led by Director… Read More
POLITICAL HEADLINES
DAILYTRUST
Banditry: House Of Representatives Seek Special Taskforce To Protect Niger Communities
The House of Representatives has called for the establishment of a special joint security task force to bolster existing security efforts against the escalating attacks by bandits, kidnappers and other criminal elements in communities within the Shiroro, Rafi, and Munya federal constituency of Niger State. The call followed a motion by Rep. Ismaila… Read More
PUNCH
CAC Registration: Police To Go After Illegal PoS Operators
The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that security agencies would go after PoS operators who fail to comply with the directive to register with the Corporate… Read More
TECHNOLOGY HEADLINES
THENATION
‘Cybersecurity Levy To Tackle Crimes, Terrorism’
The Presidency yesterday said the cybersecurity levy was introduced to tackle cybercrimes and terrorism. It said the nation lost over N273billion (approximately $762million) to cybercrime alone in 2022. It also claimed that the same levy is in place in Ghana and Rwanda. Opposition to the policy grew yesterday, with the Trade Union (TUC)… Read More