Daily News
THIS DAY
All-Share Index Rises 0.36% as Market Extends Gains
The stock market extended its positive performance yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.36 per cent. The positive trend was buoyed by gains recorded by Dangote Cement Plc, NASCON Allied Industries Plc and AXA Mansard Insurance Plc. Although there were 27 price gainers, the 20 price losers paraded bellwethers such as MTN Nigeria Plc, BUA Cement Plc… Read More
CBN Meeting and NSE in Focus
Nigerian stocks struggled for direction on Tuesday as investors adopted a guarded approach ahead of the Central Bank of Nigeria’s interest rate decision this week. After claiming the title as the world’s best-performing stock market in 2020, equity bulls in Nigeria seem to be missing with the NSE All-Share Index down only 0.36 per cent year-to-date. While appetite towards the local stocks was fuelled… Read More
GUARDIAN
DisCos Warehouse Prepaid Meters Donated by Federal Government
A month after taking delivery of one million meters under the National Mass Metering Programme (NMMP), the electricity Distribution Companies (DisCos) have warehoused 983,693 in their offices. The 11 distribution companies were only able to distribute 16,308 prepaid meters as of November 2020, while electricity consumers were yearning for units amidst estimated billings… Read More
THE SUN
Exchange Rates Unification Needed to Maximise Benefits of Remittances Inflow –ABCON
Association of Bureaux De Change Operators of Nigeria (ABCON) has said that the unification of exchange rates is necessary to maximise the economic benefits of increased remittances inflow into the economy. While commending the recent policy measures introduced by the Central Bank of Nigeria (CBN), to improve inflow of remittances, by allowing beneficiaries to collect proceeds… Read More
Federal Government Spent N118.37bn on COVID-19 in 2020 –Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Tuesday disclosed that out of N8.26 trillion spent on capital projects, debt servicing and payment of salaries and pensions in 2020, N118.37 billion went into COVID-19 -related capital spend. Speaking at a virtual public presentation of the approved 2021 budget, the Minister said N1.8 trillion was expended… Read More
PUNCH
Merger, Acquisition Transactions Reach $25.7bn in Sub-Saharan African
Refinitiv has released the 2020 investment banking analysis for sub-Saharan African. According to the analysis, the value of announced merger and acquisition transactions with any sub-Saharan African involvement reached $25.7bn during 2020. The report said the value was 62 per cent less than the value recorded during 2019 when Naspers’ $35.9bn internet assets spin-off boosted merger… Read More
GUARDIAN
2021 Budget: Prepare for More Pain, Federal Government Tells Nigerians
Nigerians have been told to prepare for more pain this fiscal year, as the Minister of Finance, Budget and National Planning Minister Mrs. Zainab Shamsuna Ahmed, and the Director-General, Budget Office of the Federation, Mr. Ben Akubueze, presented the breakdown for the 2021 N13.588 trillion Federal Government’s Budget. The top Presidency officers, yesterday, reiterated that subsidies… Read More
THE SUN
2023 Elections: INEC Ponders Review, Introduction of New Technologies
The Independent National Electoral Commission (INEC) on Tuesday revealed that it has started reviewing technologies it adopted for elections, in line with its plan to introduce new ones to improve conduct of the 2023 general elections. INEC Director of Voter Education and Publicity Department (VEP), Nick Dazang, made the disclosure at a workshop for the department on the “Review of… Read More
VANGUARD
2023: Okorocha Calls for New Political Group
SENATOR Rochas Okorocha on Monday called for a new political alliance between good leaders of like minds in ruling All Progressives Congress (APC) and lead opposition, Peoples Democratic Party (PDP), declaring there are bad people in both parties. The former Imo state governor and Senator representing Imo West District was guest to Governor Nyesom Wike in Rivers state where… Read More