Daily Business Headlines – SEPTEMBER 26, 2023


NGX Performance Indices Drop 0.66% On Access Holdings’ Disappointing Interim Dividend

The Nigerian Exchange (NGX) kicked off the first trading session in the last week of the third quarter of the year on a negative note, with the key performance indices going down by 0.66 per cent on Monday. This was partly caused by the reaction of investors to the 30 Kobo interim dividend declaration of the board of Access Holdings Plc. A few days… Read More


Strike: Federal Government Will Soon Conclude Wage Award To Workers — Lalong

The Minister of Labour and Employment, Simon Lalong has assured Nigerian workers that the government will soon conclude the issue of wage award. The Minister also appealed to the Nigeria Labour Congress, NLC, not to embark on its planned strike, and allow government work to resolve all pending issues. This is as the National Union… Read More


RTEAN: Lagos Government Must Obey Court Order, TUC Insists

The Trade Union Congress of Nigeria (TUC) has insisted that Lagos State Government must obey the order of the National Industrial Court (NIC) that ruled in favour of the Road Transport Employers Association of Nigeria (RTEAN), stating that it must be reinstated to resume its operations within the state. In September 2022, Governor of… Read More


Vandals Destroy 108 Transmission Towers, Federal Government Alleges Sabotage

A total of 108 power transmission towers were destroyed by vandals in various parts of the country between January 2022 and September this year, data obtained from the Transmission Company of Nigeria, on Monday revealed. It was gathered that the vandals destroyed 132kV double circuit power transmission lines, 330kV double circuit… Read More



NNPC, Partners Sign Deal To Cut Project Contract Cycle By 180 Days

The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Content Development and Monitoring Board (NCDMB) have signed an agreement with the International Oil Companies (IOCs) to reduce the contracting cycle to an optimal level of not more than 180 working days. The state-owned oil company said in a… Read More


Afreximbank Urges African Leaders To Prioritise ETCS

The African Export-Import Bank (Afreximbank) has urged the government and other African countries to prioritise the development of public and private export trading companies (ETCs) to position the continent’s small and medium enterprises (SMEs) to participate effectively in global trade. In an address at the Africa International Exhibition… Read More


Senate Screens CBN Governor Cardoso, Deputies Today

The  Senate will today (Tuesday) screen the acting Governor of the Central Bank of Nigeria,  Dr Olayemi Cardoso, for confirmation into a substantive capacity alongside four nominees for the positions of CBN Deputy Governors,  to steer affairs of the apex bank in the next five years. The Red Chamber, which is returning from its two-month annual… Read More



Federal Government Accuses Zamfara Government Of Politicising Security

The Minister of Information and National Orientation, Mohammed Idris, gas expressed disappointment over a statement credited to the Zamfara State Governor, Dr. Dauda Lawal and accused him of playing politics with the sensitive matter for political goals. The Minister said rather than appreciate security agents and Federal Government… Read More


PDP Demands Full-Scale Investigation Over ‘Suspicious’ Supreme Court Fire

The Peoples Democratic Party (PDP) has described the fire incident at the Supreme Court early Monday morning as “suspicious” and demanded a full-scale investigation into the incident. Debo Ologunabga, the party’s National Publicity Secretary, in a statement, said the PDP is worried over the fire outbreak especially given heightened public… Read More



Tijani, Others To Discuss Tech Adoption In Governance

Given the rapid evolution of technology solutions and their possible applications on governance, the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta and the President, Africa Development Bank… Read More