BUSINESSPOST
Domestic Stock Market Gains 0.19% On Bullish Sentiment
The first trading session of the week on the floor of the Nigerian Exchange (NGX) Limited ended on a positive note on Monday with a 0.19 per cent appreciation. This upward trend was buoyed by buying interests in local stocks as investors recalibrate their portfolios for the last quarter of the year. Business Post observed that the insurance and… Read More
PUNCH
Debt Management Office Offers Two Savings Bonds For Subscriptions
The Debt Management Office has announced the opening of the October 2024 Federal Government of Nigeria savings bond offer, featuring two bond series with competitive interest rates. According to a bond circular on the DMO’s website, the subscription window is open from October 7 to October 11, 2024. The first series is a two-year… Read More
VANGUARD
Investor Education Key To Healthy, Stable Capital Market – SEC
THE Securities and Exchange Commission (SEC) has said that investor education is a key prerequisite for a healthy market and the development of market confidence, adding that a well-informed investor base is crucial for the stability and growth of any capital market. Speaking at the opening of the 2024 International Organisation of… Read More
THISDAY
Discos Grow Revenue By 61.4% After 230% Electricity Tariff Hike For Band ‘A’ Customers
Revenues earned by electricity Distribution Companies (Discos) in Nigeria have risen by over 61.4 per cent after the Nigerian Electricity Regulatory Commission (NERC) approved a 230 per cent tariff increase for Band ‘A’ customers nationwide in April. Latest data from NERC indicated that in July 2024, Discos’ earnings soared to N162.1… Read More
ECONOMY HEADLINES
Growth In Food Production Will Bring Down Inflation, Stabilise Exchange Rate, Says Edun
The government’s efforts at food production is crucial to economic growth, Finance Minister Wale Edun said yesterday. According to him, food is major driver of inflation which when made affordable can drop inflation and stabilise the exchange rate. He said: “Food is 50% of the Consumer Price Index. In fact, we would say food is the core index… Read More
THISDAY
Shettima Seeks Stronger Federal Government, Private Sector Synergy For Economic Growth
Vice President Kashim Shettima yesterday affirmed the federal government’s commitment to fostering a strong partnership with the private sector to drive Nigeria’s economic growth and industrialisation. According to him, the private sector is critical in driving the industrialisation and job creation agenda of the President Bola Tinubu administration… Read More
BUSINESSDAY
Nigeria’s Oil Machine Creaks 64 Years After
After 64 years of independence and over six decades of oil exploration, crude oil accounts for less than 10 percent of Nigeria’s GDP but represents about 90 percent of foreign exchange earnings and more than half of government revenue. Endowed with some of the world’s biggest proven oil reserves of 37 billion barrels, Nigeria had the… Read More
POLITICAL HEADLINES
Autonomy: Labour Begs Federal Government Not To Give Workers’ Salary To Local Governments
The Organised Labour comprising the Nigeria Union of Local Government Employees, NULGE, Nigeria Union of Teachers, NUT, and Nigerian Union of Pensioners, NUP, has proposed a staff redistribution, placement and auditing exercise, to ascertain the actual numbers of local government workers, primary school teachers and… Read More