PUNCH
Equity Market Slide By N35bn Over MTN, Others Dip
The market capitalisation of the Nigerian Exchange Limited slid by N35bn on Wednesday as MTN Nigeria (-0.63 per cent), Dangote Sugar (-1.64 per cent), Lafarge Africa Plc (-1.34 per cent), United Bank for Africa(-0.24 per cent) and FBN Holdings (-4 per cent) reduced in share value at the close of trading. Both the All-Share Index and the Market… Read More
NEWTELEGRAPH
AFCFTA: MAN, MSMEs Advised To Brace For Huge Competition
As African countries gather momentum to stand out in the African Continental Free Trade Area (AfCFTA) agreement initiative, the Manufacturers Association of Nigeria and operators of Micro, Small and Medium-sized Enterprises (MSMEs), have been urged to scale up production activities as a way of recording substantial impact and huge… Read More
GUARDIAN
BOI Affirms Support To Modular Refineries, Local Economy
Managing Director of Bank of Industry Limited (BoI), Dr Olasupo Olusi, has pledged to partner modular refineries to solve economic challenges in the country. He reiterated the commitment of the development of financial institutions to continually support efforts that would add value to the economy. Olusi disclosed this when he, in the… Read More
SUN
We Have PMS Supply To Last Beyond Christmas, Kyari Tells Senate
The Group Chief Executive Officer at NNPC Ltd, Mr. Mele Kyari, has said the Company has already made a robust plans for the supply of petroleum products especially Premium Motor Spirit (PMS), also known as petrol, sufficient enough to last beyond the ember months and the new year festivities. Kyari disclosed this when he led an NNPC Ltd… Read More
ECONOMY HEADLINES
BLUEPRINT
Federal Government, States, Local Governments Share N906.955bn In October Allocation – FAAC
The Federation Account Allocation Committee (FAAC) has shared the total sum of N906.955 billion Federation Account Revenue to the Federal Government, States and Local Government Councils for the month of October 2023. A breakdown of the amount according to a communique issued by the FAAC revealed that total distributable revenue… Read More
GUARDIAN
Federal Government To Develop Roadmap For $10b Ship Charter Market, International Trade
The Minister of Marine and Blue Economy is seeking the cooperation of stakeholders to develop a roadmap and policy direction for the re-establishment of a National Shipping Line through a public, private partnership (PPP) arrangement, to capture a substantial share of the estimated $10 billion yearly ship charter market of the country. Minister of… Read More
LCCI, Guangzhou Council Meet To Chart Path For Better International Trade Relations
As part of efforts to deepen and strengthen the strong relations between Nigeria and China, the Lagos Chamber of Commerce and Industry (LCCI), has received a 20-person delegation from the China Council for the Promotion of International Trade (CCPIT) and Guangzhou Chamber of Commerce, at the Commerce House in Lagos. China-Nigeria… Read More
POLITICAL HEADLIINES
SUN
INEC, NBA To Begin Prosecution Of Electoral Offenders In 2023 General Elections
The Independent National Electoral Commission (INEC) would soon commence the prosecution of 1,076 electoral offenders arrested in 35 states across the country during the 2023 general election. A credible source in the commission, yesterday, said the prosecution would be done in collaboration with the Nigerian Bar Association (NBA)… Read More
GUARDIAN
Tension In Kano Over Gubernatorial Verdict As Akeredolu-Aiyedatiwa Crisis Rocks Ondo
The police command in Kano, yesterday, foiled an attempt by some youths to perpetrate violence at the city centre. The youths were reportedly protesting the November 17 Court of Appeal judgment that ordered the removal of Abba Kabiru Yusuf as governor of the state. In their hundreds, the protesters had begun a procession from the Kofar Dan… Read More
TECHNOLOGY HEADLINE
NAIRAMETRICS
NITDA Mulls Collaboration With CBN To Drive Regulation On Emerging Tech, Digital Payment
In a move to ensure Nigeria Payments System gets more global recognition and is domestically utilised across the country, the Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, CCIE, has restated the need for the Central Bank of Nigeria (CBN) and Financial Institutions in the… Read More