NAIRAMETRICS
Total Transactions In Nigerian Equities Market Fall 36% In April To N346 Billion – NGX
Nigerian Exchange Limited (NGX) says that the total domestic and foreign portfolio transactions in Nigeria’s equity market amounted to N346.23 billion in April 2024. This was contained in a statement from the NGX, made available to Nairametrics. According to the Exchange, as of April 30, 2024, total transactions at the nation’s bourse… Read More
THENATION
Federal Government To Establish 24 Skills, Innovation Hubs, Says Tinubu
The Federal Government has promised to establish 24 skills and innovation hubs and entrepreneurship centres across the country. President Bola Tinubu announced this yesterday in Abuja during the commemoration of this year’s Children’s Day celebration with the theme: Enhancing the Total Wellbeing of the Nigerian Child through… Read More
Manufacturing Sector On Recovery Path, Says MAN
For the first time in the last six quarters, the manufacturing sector’s performance improved in Aggregate Index Score (AIS) to 53.5 points in Q1 2024, up from 51.8 points recorded in Q4 2023. The Director-General, Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, attributed the sector’s moderate improvement to gains recorded by the… Read More
BUSINESSDAY
Locally-Used Cars Boom As Volatile Naira Curbs Imports
Nigerians are turning to locally-used vehicles as soaring prices make imported cars unaffordable in a country grappling with the worst cost-of-living crisis in decades. Multiple car dealers told BusinessDay that demand for locally-used cars has surged because the naira devaluation has made importation more expensive. The naira has weakened… Read More
ECONOMY HEADLINES
BUSINESSDAY
Labour To Unveil New Proposal At Meeting With Federal Government Team Today
The Nigeria Labour Congress (NLC) will continue its negotiation for a new Minimum Wage at the federal government Tripartite Committee meeting in Abuja, on Tuesday. BusinessDay reliably gathered, week end that both the NLC and the Trade Union Congress TUC, may come up with fresh proposals on Tuesday, as part of measures to reach an… Read More
VANGUARD
Federal Government Charges Manufacturers To Boost Export With ETLS
The Federal Government has called on Nigerian businesses and manufacturers to use the ECOWAS Trade Liberalisation Scheme (ETLS) treaty to boost the country’s export basket. Minister of External Affairs, Maitama Tuggar, said this at a one-day Sensitisation Workshop on the ECOWAS Trade Liberalisation Scheme (ETLS) in Awka, Anambra… Read More
Naira Devaluation: Pension Fund Operators Appeals For Offshore Investment Of Pension Funds
Pension Fund Operators Association of Nigeria, PenOp, has appealed to members of the National Assembly to amend the pension law to allow for the investment of pension funds offshore to hedge against inflation and naira devaluation. PenOp also charged members of the National Assembly to consider amending the pension law to increase… Read More
POLITICAL HEADLINES
SUN
Local Government Autonomy: Tinubu Pledges To Strengthen Local Governments
President Bola Tinubu has said the Federal Government would work towards strengthening the local government councils as part of measures to tackle insecurity in the country. Tinubu stated this at a national discuss on Nigeria’s Security Challenges and Good Governance at Local Government Level, organised by the House of Representatives in… Read More
PUNCH
First Anniversary: Tinubu Government Awards N6tn Contracts For Roads, Others
President Bola Tinubu-led Federal Executive Council has awarded 51 contracts worth N6.27tn for procuring, constructing and developing various infrastructural projects across the federation in eight months. The contracts, awarded between October 16, 2023, and May 14, 2024, totalling eight months, were allocated to facilitate the development of a… Read More
TECHNOLOGY HEADLINES
PUNCH
Banks Generated N438bn From Digital Transactions In 2023
In 2023, digital banking channels brought in roughly N438bn for 10 financial institutions, an analysis of their annual reports has shown. Compared to the previous year, the banking groups’ earnings from electronic transactions rose by 37.54 per cent from N318.64bn. E-business income includes revenue from electronic channels, card products… Read More