BUSINESSPOST
Traders Gain N29bn From Stock Trading Amid Weak Sentiment
Despite the weak sentiment that took over the Nigerian Exchange (NGX) Limited, investors smiled home on Monday as a result of bargain-hunting in MTN Nigeria, Nigerian Breweries and others. The bourse finished the first trading session of the week higher by 0.05 per cent after traders cherry-picked stocks capable of witnessing price appreciation in… Read More
SUN
Farmers Seek Mbah’s Intervention Over Herders Encroachment, Farm Input
The Obimo Farmers Association and Izunwanne Obimo Multi Purpose Corporative Society in Nsukka Local Government Area of Enugu State have appealed to the state government to assist farmers in the state by providing tractors and other farming equipment and inputs to improve the farming conditions of the farmers and ensure food security in the… Read More
BUSINESSDAY
Telcos’ Thirst For Local Banks Grow As Loans Up 200%
Telecommunication and other information and communication companies significantly increased their borrowing from local banks in 2023, driven by a challenging economic climate and a devalued naira that made foreign loans expensive. According to data from the Central Bank of Nigeria’s Deposit Money Banks’ Sectoral Distribution of Credit… Read More
DMO Banks On Market Makers’ Bigger Appetite For N6trn Bond
Buoyed by investors’ sustained appetite, the Debt Management Office (DMO) has, again, sought the support of primary dealer market makers (PDMM) to raise more financing for Nigeria’s domestic debt plan. The DMO has an outstanding N1.5 trillion to raise from the Federal Government’s proposed N6 trillion bond having already raked in N4.5… Read More
ECONOMY HEADLINES
PUNCH
Port Harcourt Refinery Begins Operation July
The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements. The new date was disclosed on Monday by the National Public Relations Officer, Independent Marketers Association of Nigeria, Chief Ukadike Chinedu. He stated that the development would stimulate economic… Read More
Food Imports Hit N3tn Over Flooding, Insecurity – CBN
The Central Bank of Nigeria released a total sum of $2.13bn to Nigerians for importing food products in 2023, Findings by The PUNCH have shown. According to the quarterly statistics of the Central Bank of Nigeria, the forex release showed that there was consistent demand from foreign countries despite being touted as the food basket of Africa. This… Read More
THENATION
Labour Returns For Minimum Wage Talks
Organised Labour is back on the tripartite committee talks on minimum wage. Labour officials last week stormed out of the Zoom meeting after the Federal Government proposed N48,000 as the minimum wage. The union described the offer as being in bad faith considering its N615,000 proposal. The decision to return for talks was taken… Read More
POLITICAL HEADLINES
VANGUARD
Federal Government Reinstates Transfer Of Electricity Regulatory Roles To States
The Federal Government has backtracked on halting the transfer of electricity regulatory oversight to state governments. The Minister of Power, Adebayo Adelabu, disclosed this at a two-day stakeholders workshop organised by the Nigerian Electricity Regulatory Commission, NERC, in Lagos yesterday. The workshop on the… Read More
THISDAY
House Of Representatives Threatens to Block Agencies’ Accounts Over Refusal to Render Remittance to Government
The House of Representatives Committee on Finance has threatened to block accounts of government agencies that refused to render account of their revenue profile or render accurate remittance to the government. This was as the Director of Finance and Account with the Financial Reporting Council of Nigeria (FRC), Musa K. Jemaku… Read More
TECHNOLOGY HEADLINES
SUN
Digital Transformation: NITDA Targets Grassroots Inclusion
The National Information Technology Development Agency (NITDA) is ramping up efforts to bring the benefits of digital technology to all corners of Nigeria. This initiative aligns with the national goal of transforming Nigeria into a global technology hub and driving economic diversification. NITDA Director-General Kashifu Inuwa made this… Read More