Daily Business Headlines – September 27, 2022

September 27, 2022

Business Headlines


BUA Cement, NGX, 10 Stocks Lead Equities’ N87b Gain

Following gains recorded by many bluechip stocks, especially BUA Cement and Nigerian Exchange Group (NGXGroup), the equities market reopened in an upbeat yesterday, as market capitalisation increased by N87 billion. In summary, the All-Share Index (ASI) expanded by 162.7 absolute points, representing an increase of 0.33 per cent to close at 49,189.32 points. While the overall market capitalisation value gained N87 billion to close at N26.532 trillion…Read More

$295m Committed to Inclusive Digital Infrastructure

At the just concluded 77th session of the United Nations General Assembly, high-level representatives from governments, civil society, the private sector, philanthropy and international organisations agreed to scale up efforts to build safe, trusted and inclusive digital public infrastructure (DPI) to achieve a more sustainable and equitable world… Read More

How Land Banking Drives Nigeria’s Real Estate Market

For centuries, the traditional banking system offered customers the platform to save money, either for interest or other purposes. Historically, banking has been around since the first currencies were minted and wealthy people wanted a safe place to store their money. Ancient empires also needed a functional financial system to facilitate trade, distribute wealth, and collect taxes…Read More

National Grid Collapses, 7th Time in 1 Year

For the 7th time this year, Nigeria’s power grid again collapsed yesterday, plunging parts of the country into total darkness. Monday’s incident which happened at about 11 am, it was gathered affected only a section of the Transmission Company of Nigeria (TCN), Afam IV, on the grid but with zero supply as of 12 noon. This is coming as consumers attested to supply improvement since July 1 this year, in their various service areas… Read More


Nigeria Tagged ‘Hunger Hotspots’ as Governments Rally to End Food Insecurity, Nutrition Crisis

A joint United Nation (UN) report has stated that food crisis has tightened its grip on Nigeria and 18 other countries, adding that the number of people facing acute food insecurity worldwide is expected to continue to rise precipitously. According to the report obtained from the Food and Agriculture Organisation’s (FAO’s) website, hunger hotspots is driven by rising conflict, weather extremes, and economic instability aggravated by the pandemic… Read More

Nigeria to Commence AfCFTA Participation in Q4 – Committee

The committee for the African Continental Free Trade Area has said that Nigeria will be participating fully in the agreement by the last quarter of 2023. The secretary of the committee, Mr Francis Anatogu, in an exclusive telephone chat with THE PUNCH on Monday, said that some trading documents were needed before Nigeria’s full participation…Read More

Navigating Nigeria’s Rough Route Round Crude Oil Sales

Nigeria is endowed with abundant natural and human resources needed to place her amongst the top emerging economies of the world. As Africa’s largest crude oil producer, Nigeria should also be among the most buoyant and developed economies of the world due to the nature of the huge natural and human resources the country has at its disposal…Read More  

ASUU Strike: FG Backpedals, Withdraws Order to Reopen Varsities

The federal government, through the National Universities Commission (NUC) yesterday withdrew an earlier circular in which it had ordered vice-chancellors, pro-chancellors and governing councils to re-open federal universities. The NUC in an earlier circular had directed all vice-chancellors; pro-chancellors and chairmen of governing councils of federal universities to re-open…Read More

INEC Unveils Ground Rules for Hitch-Free, Issues-Based Campaigns

Ahead of the commencement of presidential campaigns tomorrow, a code of conduct guiding activities has been issued by the Independent National Electoral Commission (INEC). The Commission has warned that a political message or slogan must not be tainted with abusive language, directly or indirectly, likely to injure religious, ethnic, tribal or sectional feelings… Read More  

N’Assembly Promises to Fast-track Passage of Data Protection Bill

The National Assembly has promised to fast-track the passage of the Data Protection Bill within 30 days upon receiving it from the executive arm of government. The Chairman, Senate Committee on Information Communication Technology (ICT) and Cybercrime, Yakubu Useni, gave the promise during a one-day sensitisation workshop on data protection organised for members of the National Assembly, in Abuja yesterday.… Read More