BUSINESSPOST
Custodian Investment, 22 Others Pull Down Stock Market By 0.25%
The Nigerian Exchange (NGX) Limited plunged by 0.25 per cent on Wednesday after investors decided to sell off some shares that have appreciated in the past few trading sessions. It was a fierce battle between the bears and the bulls on the floor of Customs Street at midweek, with both sharing the spoils after deciding to live to fight… Read More
THENATION
Foreign Remittances Surge To $600m
The Central Bank of Nigeria (CBN) facilitated the remittance of approximately $600 million through International Money Transfer Operators (IMTOs) in one year, the apex bank Governor, Olayemi Cardoso broke the news yesterday. He spoke at a ‘fireside’ event at the ongoing Nigeria Economic Summit (NES30), organized by the Nigeria… Read More
NAIRAMETRICS
Capital Importation: Foreign Investors Prefer “Hot Money” Over FDI As Money Markets Gulp $2.68billion
Foreign investors have increasingly turned to Nigerian treasury bills in the first half of 2024, as money market instruments emerged as the leading contributor to capital importation during the period. Treasury bills, in particular, were heavily oversubscribed, reflecting strong investor appetite driven by favourable yields in Nigeria’s fixed… Read More
LEADERSHIP
NEPC, NDPC Partner To Protect Exporters’ Data
The Nigerian Export Promotion Council (NEPC) and the Nigerian Data Protection Commission (NDPC) have joined forces to safeguard the personal and corporate data of registered exporters in the country. The initiative aims to protect sensitive information to ensure Nigerian businesses remain competitive in global trade. NEPC’s… Read More
ECONOMY HEADLINES
World Food Day: We’re Doing All We Can To Tackle Hunger — Federal Government
AS Nigeria and other nations of the world marked 2024 World Food Day, the Federal Government said, yesterday, it was doing everything possible to tackle hunger in the country. Minister of State for Agriculture and Food Security, Dr. Aliyu Abdulahi, made the declaration at a ministerial briefing to mark the day, with the theme… Read More
PUNCH
SEC To Ease Regulations On Crowdfunding For Smaller Firms
The Securities and Exchange Commission has revealed plans to make it easier for smaller firms to access funds. According to a Bloomberg report on Wednesday, the Director General of SEC, Dr Emomotimi Agama, said this in an interview. The SEC boss described crowdfunding as an online money-raising strategy that began as a way for… Read More
SUN
Further Petrol Price Hike Will Hurt Nigeria’s Economy –World Bank
The World Bank has issued a stern warning that an additional increase in the price of Premium Motor Spirit (petrol) may jeopardize the fragile economic recovery following the removal of fuel subsidies in Nigeria. The caution is detailed in the October edition of Africa’s Pulse report. Since President Bola Tinubu officially announced the… Read More
POLITICAL HEADLINES
Constitution Review: Agbakoba Writes National Assembly, Says EFCC ‘Unlawful Organisation’
Former President of the Nigerian Bar Association (NBA), Dr. Olisa Agbakoba, SAN, has drawn the attention of the National Assembly to constitutional issues relating to law enforcement agencies in Nigeria and factors inhibiting the government’s objective of abolishing corruption, as stated in Section 13 of the 1999 Constitution. In two… Read More
Lawmakers Demand Repairs Of Refineries
The House of Representatives yesterday urged the Nigerian National Petroleum Company Limited (NNPCL), the Ministry of Petroleum Resources and other relevant agencies to accelerate the repair/maintenance of the nation’s moribund refineries and increase local refining capacity. It said doing so would be a stop-gap measure to reduce… Read More
TECHNOLOGY HEADLINES
SUN
Fuel Crisis: Federal Government Offers Loans For CNG Conversion, Solar Installations
To alleviate the financial burden on Nigerians exacerbated by soaring energy and transportation costs, the Federal Government has announced the launch of the Credit Access for Light and Mobility (CALM) Fund. The initiative, which will be overseen by the Ministry of Finance Incorporated (MOFI), Nigerian Consumer Credit… Read More