BUSINESSPOST
NGX Down 0.53% As Traders Sell Off Seplat, PZ Cussons, Others
The Nigerian Exchange (NGX) Limited depreciated by 0.53 per cent on Monday on the back of renewed profit-taking triggered by selling pressure in key sectors of the market. Investor sentiment turned weak during the first trading day of the week after 19 equities finished on the gainers’ chart and 24 equities ended on the losers’ log. Seplat posted the… Read More
SUN
Stakeholders Hail SEC’s New Blueprint On Private Companies’ Securities
Experts and stakeholders have praised the recent Securities and Exchange Commission (SEC) regulations governing the issuance and allotment of securities for private companies emphasizing the regulations’ focus on bolstering investor protection. The SEC last Thursday announced the new rules which declares that “Any person who issues or… Read More
NSC Decries Low Patronage Of Onitsha River Port
The Nigerian Shippers’ Council (NSC), Anambra State office, has decried the non maximisation of the potential of the Onitsha River Port commissioned by the former President Muhammadu Buhari’s administration in 2018. Stakeholders at a seminar organised by the Onitsha Area Office, South East zone of the NSC were… Read More
THISDAY
TCN Pledges To Restore Electricity In North-East By May 27
The Transmission Company of Nigeria (TCN) has said it is working to restore power in the North-east after the company’s lines were attacked by suspected terrorists recently. A statement by the General Manager, Public Affairs of the company, Ndidi Mbah, stated that one of the towers attacked was nearing 80 per cent completion; another at 60… Read More
ECONOMY HEADLINES
PUNCH
Federal Government Plans Performance-Based Salary Scheme For Workers
A new wage system based on employee’s productivity in the civil service is underway, the Federal Government said on Monday. The government said with the system, workers on the same level could earn different salaries. The government said the formulation of an innovative wage system was being considered because it realised that… Read More
SUN
Electricity Tariff Hike: Labour Grounds Discos, NERC Nationwide
Members of the organised labour, civil society organisations and concerned Nigerians, yesterday, grounded operations of the Electricity Distribution Company (DISCOs) and the Nigeria Electricity Regulatory Commission (NERC) nationwide. The picketing was a response to NERC’s approval for electricity distribution companies (DisCos) to… Read More
BUSINESSDAY
Cardoso Sticks To Orthodox Policy Despite Naira Pressure
Nigeria’s Central Bank Governor, Olayemi Cardoso, will stick to his guns on orthodox monetary policy and won’t budge even though the naira is under renewed pressure, marking a sharp contrast to his predecessor’s approach. In an interview with the Financial Times, Cardoso indicated that interest rates would stay high for as long as necessary… Read More
POLITICAL HEADLIINES
THISDAY
FEC Adjourns Meeting, Far-Reaching Decisions Taken To Be Disclosed Tuesday, Says Minister
The fifth Federal Executive Council (FEC) meeting in 2024 which was held on Monday at the State House, Abuja, with President Bola Tinubu presiding, will continue on Tuesday. Monday’s Council meeting which was coming about seven weeks after the last one held on March 25, 2024, adjourned till Tuesday to conclude deliberations on the… Read More
PUNCH
National Assembly Moves To Bar CBN Governor From Partisan Politics
The National Assembly is seeking amendments to the Central Bank of Nigeria Act 2007 to bar top officials of the apex bank from partisan politics. Championed by the ex-lawmaker representing Abia Central Senatorial District, Darlington Nwokocha before he was sacked from office by an Appeal Court sitting in Lagos in 2023, the amendment seeks… Read More
TECHNOLOGY HEADLINES
NAIRAMETRICS
NIMC To Upgrade Software As NIN Hits 107 Million
The National Identity Management Commission (NIMC) has said that 107.33 million Nigerians have been enrolled into the National Identification Number (NIN) database as of May 2023. This is an increase of 3.18 million from the 104.16 million recorded as of December 31, 2023. The Director of Database at NIMC, Mr. Femi Fabunmi… Read More