Daily News
PUNCH
AfCFTA: Manufacturers Seek SON’s Protection Against Competition
Against the backdrop of the commencement of the implementation of the African Continental Free Trade Agreement, manufacturers in the country have called for greater protection of their products from adulteration and faking of their brands in Nigeria and overseas as well as unfair competition with substandard imports. The Manufacturers Association of Nigeria, Kano branch, also… Read More
GUARDIAN
CBN Issues New Guidelines on E-Payment, Fintech Development
The Central Bank of Nigeria (CBN) has issued fresh guidelines aimed at strengthening the payment system and development of other disruptive technologies relating to financial services. The regulatory frameworks are contained in two separate documents issued by the apex banks. The documents are created to address challenges in regulatory sandbox and quick response (QR) code… Read More
THIS DAY
Equities Market Rises Further as Bulls Consolidate Hold
The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 billion to close at N21.4 trillion. Also, volume… Read More
VANGUARD
Federal Government Inaugurates Steering Committee on N50bn EEFP
The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, on Thursday, inaugurated an 11-man Steering Committee for the implementation of the Export Expansion Facility Programme, EEFP, under the National Economic Sustainability Plan. The EEFP aims to protect export businesses from the effects of the COVID-19 pandemic, safeguard jobs and de-risk the economy from shocks… Read More
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5% Import Levy: Motor Manufacturers Foresee Job Losses
Nigeria motor manufacturers have expressed worry over some new aspects of the Finance Act which could affect the auto industry. In a tweet on January 6, 2020, West Africa Tax Leader at PricewaterhouseCoopers, Taiwo Oyedele, posted some sections of the Finance Act on a social media platform. The Finance Act 2020 was signed into law on 31 December 2020 by President… Read More
GUARDIAN
Consumers to Sustain Spending on Essential Commodity This Year
Latest insights have shown that a larger part of consumer spending will go into food and other essential commodities this year. These confirm a recent survey of the Central Bank of Nigeria (CBN) suggesting that consumers would continue to exercise in-spending till inflation eases. With the pandemic still ongoing, the reports envisaged that people will continue to take a cautious approach… Read More
PUNCH
Lagos Plans Bonds, Others to Fund N192.49bn Budget Deficit
The Lagos State Government says it will explore a number of sources including bonds, domestic borrowing and foreign debt to finance a gap of N192.49bn contained in its 2021 budget. Commissioner for Budget and Planning, Mr Sam Egube, said this at a breakdown of the budget in Lagos on Thursday. Egube who was accompanied by some cabinet members and other officials of the… Read More
COVID-19: Ignore Fake Lockdown Alert, PTF tells Nigerians
The Presidential Task Force on COVID-19 has urged Nigerians to disregard a fake fresh lockdown alert in circulation on social media. PTF National Coordinator, Dr Sani Aliyu, made this known in a short video statement released on Thursday. There have been concerns regarding a fresh lockdown as the country battles the second wave of the coronavirus pandemic. But Aliyu said the government… Read More
VANGUARD
Fashola Reassures Public on Speedy Completion of Third Mainland Bridge, Feb 15 Reopening
The Minister of Works and Housing, Mr Babatunde Fashola on Thursday reaffirmed the Federal Government’s commitment to the speedy completion and reopening of the Third Mainland Bridge to traffic on Feb. 15. Fashola during an inspection of the bridge assessed ongoing construction work as well as the planned diversion shifts on the bridge which will take effect from Friday, Jan. 15… Read More