BUSINESSPOST
NGX All-Share Index Down 0.02% In Fierce Bears-And-Bulls Battle
The Nigerian Exchange (NGX) Limited suffered a 0.02 per cent loss on Friday in a fierce bears-and-bulls battle that mounted pressure on the local bourse. The bears ran away with the spoils of war, with the All-Share Index (ASI) down by 21.96 points at the close of transactions to 98,233.76 points from 98,255.72 points and the market… Read More
SUN
Customs Signs MoU With Chinese Counterpart To Enhance Trade
The Nigeria Customs Service (NCS) has signed a Memorandum of Understanding (MoU) with the General Administration of Customs of the People’s Republic of China (GACC) to foster bilateral relationship for the enhancement of economic growth. Last week, the Comptroller-General of Customs (CGC) Adewale Adeniyi, led some of his… Read More
NIMASA To Automate Ship Registry As Stakeholders Decry $1trn Loss To Non-Disbursement Of CVFF
The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola has said that the agency priotised the full automation of the Nigerian ship registry and gender inclusion across various aspects of the maritime industry. Mobereola, who stated this recently during his maiden engagement with the maritime… Read More
DAILYTRUST
935 BDC Operators Get CBN’s Forex In North-West
The Central Bank of Nigeria (CBN) has said that no fewer than 935 eligible Bureau De Change (BDC) operators within the North West are receiving foreign exchange (forex). The Controller of CBN, Kano branch, Umar Ibrahim Biu, who disclosed this while delivering a keynote address during the Kano Bankers Committee Dinner and Award in… Read More
ECONOMY HEADLINES
PUNCH
Stop Electricity Subsidy, IMF Tells Federal Government
The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three per cent of the nation’s Gross Domestic Product in 2024 as against one per cent in the year before… Read More
Electricity Tariff Hike: Labour Demands Reversal As Protests Begin Today
The organised labour will on Monday (today) commence nationwide protests over the electricity tariff hike and removal of subsidy from the power sector by the Federal Government. The National Treasurer of the Nigeria Labour Congress, Olatunji Ambali and the National Deputy President of the Trade Union Congress, Tommy Etim… Read More
BUSINESSDAY
NNPC, NOS Hit First Oil In OML13, Eye 40,000bpd
The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd), an upstream subsidiary of NNPC and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO), have announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State. NNPC in a statement signed by Olufemi Soneye, the Chief Corporate… Read More
POLITICAL HEADLIINES
THISDAY
Shettima: Our Tax Reforms Will Sustain Investments, Not Frustrate Nigerians
Vice President Kashim Shettima yesterday stated that the tax reforms under the administration of President Bola Tinubu were targeted at sustaining an investment-friendly and globally competitive business environment, and not to frustrate Nigerians. This is as the Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale… Read More
DAILYTRUST
Tinubu Won’t Allow Anyone Frustrate Rivers Government – Presidency
The Presidency has said President Bola Ahmed Tinubu will not take sides in the ongoing political crisis in Rivers State. Governor Siminalayi Fubara and Nyesom Wike, his predecessor who is now Minister of the Federal Capital Territory (FCT), have been at daggers drawn. Although Wike influenced the emergence of Fubara, the duo… Read More
TECHNOLOGY HEADLINES
THISDAY
Presidency: Tinubu Suspends Cybersecurity Levy To Prevent Overburdening Nigerians
President Bola Ahmed Tinubu, at the weekend, directed suspension of the implementation of the cybersecurity levy, as provided for in the Cybersecurity Act 2015 recently unveiled by the Central Bank of Nigeria (CBN), to avoid overburdening citizens who were already battling economic hardship. KPMG, a global firm that provides audit, tax and advisory… Read More