BUSINESSDAY
Market Dips By 0.11% In One Week
In the trading week ended Friday, May 17, Nigeria’s stock market decreased by 0.11percent or N55billion. The negative close seen in the review trading week came as investors sold oil & gas, banking, insurance, and consumer goods stocks amid mild gain in industrial stocks. The market’s negative close in the review trading week decreased the return… Read More
SUN
Traders At Alaba International Market Demand Urgent Road Repairs Amid Safety Concerns
Traders at the Alaba International Market are expressing their frustration over the deplorable state of the roads leading to their market, which they describe as hazardous. In an interview with The Sun newspaper, traders highlighted the recent incident on Sunday, May 19, 2024, when a 40-foot container truck carrying goods toppled along the Volks-Ojo… Read More
Process Of Onboarding Investors Cumbersome –Owoturo, ICMR President
The President/Chairman, Institute of Capital Market Registrars (ICMR), Oluseyi Owoturo, has declared that the process of onboarding investors at the NGX remains combersome and discouraging and needs to be simplified as it in other climes. Close to this challenge is the absence of a unified identity system. Owoturo is also worried that despite the… Read More
THENATION
CAC Partners NASENI For Enhanced Operations
The Corporate Affairs Commission (CAC) in partnership with National Agency for Science and Engineering Infrastructure (NASENI) is exploring ways to enhance its operation through the use of artificial intelligence, AI, high-powered computing and other products and services. The Registrar General, CAC, Hussaini Ishaq Magaji said the… Read More
ECONOMY HEADLINES
PUNCH
Dangote Petrol Supply: Federal Government May Slash N6tn Fuel Import
The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of the Dangote Group, Aliko Dangote. Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, assured Nigerians that… Read More
DAILYTRUST
More Pressure On Naira Ahead Possible Interest Rate Hike
Financial experts have said there are concerns that the Central Bank of Nigeria (CBN) low net FX reserves and the defense of the naira sparked risk-off sentiments amongst foreign investors and limited inflows from Foreign Portfolio Investors (FPIs). Analysts at Cordros Security raised the point in its pre MPC notes ahead of the third meeting of… Read More
THISDAY
Housing: Federal Government Urges States to Provide Land, Begins Nationwide Groundbreaking
The Minister of Housing and Urban Development, Ahmed Dangiwa, yesterday said he was set to commence the nationwide official groundbreaking for the phase 1 of the Renewed Hope Cities and Estates project, beginning with 1,250 housing units in four states in Northern Nigeria. The exercise follows the programme’s official launch by… Read More
POLITICAL HEADLINES
THISDAY
Legal Framework Will Prevent Governors from Abusing State Police, Says Senate Leader
Senate Leader, Opeyemi Bamidele, has explained that an effective legal framework put in place by the National Assembly would prevent likely abuse of multi-level police by governors, when established. Bamidele said this in a statement yesterday in Abuja. He said state police remained the best way to guarantee adequate security for… Read More
THENATION
Tinubu Likely To Get Ministers’ Performance Record This Week
President Bola Ahmed Tinubu is expected to receive the scorecard of members of his cabinet this week. The Administration will be one year old next week, but the ministers will clock nine months in office tomorrow, having been sworn in on August 21 last year. The scorecard of special advisers and heads of key departments and agencies will… Read More
TECHNOLOGY HEADLINES
BUSINESSDAY
CBN Directs Banks To Stop 0.5% Cybersecurity Charges The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the implementation of 0.5 percent cybersecurity charges on electronic transactions. This was disclosed in a circular to all commercial, merchant, non-interest, payment service banks, other financial institutions, mobile money operators and payment service… Read More