Monthly Archives: December 2023

FG names GIG, Young Shall grow, Area Motors, others participating companies in 50% transport reduction

The Federal Government (FG) has made good it’s plan to reduce transportation cost this Yuletide season by naming GIG ( God is Good), Chisco Transport, Young Shall Grow, God Bless Ezenwata and Area Motor., amongst others as participating companies.

Advocacy groups accuse DISCOs of sending multinationals out of Nigeria

A convocation of various pressure groups by the Wadata Media Advocacy Centre (WAMAC) have said the power Distribution Companies (DISCOs) are responsible for the exodus of multinational companies from the county.

Naira weakens across segments, hits all-time low of N1,099.05/$ at official market … Depreciates to N1,173/$ at parallel market

The naira last week weekend at all segments, with the NAFEM or official rates hitting an all-time low of N1,099.05 to the dollar, a fall of 18.5 per cent week-on-week (w/w) Basis. The dollar rose 1.1 per cent against the naira to N1,173/$.

Dangote Cement inducts graduate trainees to boost employment …Awards Outstanding Staff

Dangote Cement Plc, last weekend, inducted 81 trainees in its Graduate Trainee programme to boost employment in the country. The company, it would be recalled, since the beginning of the programme, has inducted hundreds of such trainees into its service, across its African operations.

Hired expelled NNPP hands staging press conference to disparage Abba Labor Yusuf, Rabiu Musa Kwankwaso

It has come to our notice that certain expelled members of the NNPP which include Tope Aluko and some ex state chairmen, who are sponsored elements, are conducting a press conference in Jabi, Abuja to falsely state as a form of propaganda, that H.E. Abba Kabir Yusuf was not a member of the NNPP as at the time of the election and that His Excellency, Senator Rabiu Kwankwaso is dismissed from the party.

Budget 2024 new, but challenges same old ones – Rewane … Budget numbers are anything but close to realty

Although the 2024 budget maybe new and ambitious, the old unrelenting challenges may conspire to ensure the reality of the average Nigerian, who care more about the decrease in food prices remains a mirage, said Bismarck Rewane, Chief Executive Officer (CEO) of Financial Derivatives Company (FDC) Limited.

Value of shares rises N1 trillion in November to N39.1 trn, naira up at parallel market

The Nigeria Exchange witnessed a leap in its market capitalisation, increasing by N1.0 trillion in the month of November to close at N39.1 trillion. The domestic market was propelled by the listing of Mecure Industries during the period.
“The Nigerian equities market sustained its bullish performance as the benchmark index gained 3.1 per cent month-on-month (m/m) to print at 71,365.25 points.