Wednesday, November 11, 2020
Capital Market Operators Advocate for N1tr Infrastructure Fund
The newly elected President of the Association of Issuing Houses of Nigeria (AIHN), Mr. Ike Chioke has urged capital market operators in the country to champion the floating of a N1 trillion infrastructure fund for the country. Chioke, made the call yesterday in Lagos, during the Annual General Meeting of the association and the 2020 Investment Banking Awards, where he emerged the president of the AIHN. Read more
Benefits of CBN’s Rice intervention
The thrust of the agricultural policy of the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, especially the Anchor Borrowers Programme (ABP) is essentially to provide farm inputs in kind and cash to smallholder farmers to boost production of farm commodities which states have comparative advantage to produce including cereals namely rice, maize, wheat, cotton, roots and tubers namely cassava, potatoes, yam, ginger, tomato, poultry, oil palm, fish, sugarcane among others. Read more
Sanwo-Olu Moves to Abolish Pension for Ex-govs, Deputies
Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday unfolded a plan to stop the payment of pension to his predecessors and former deputy governors. He told the House of Assembly while presenting his 2021 Appropriation Bill that he would soon send an executive bill to repeal the Public Office Holder (Payment of Pension Law 2007) that empowers the state government to pay pension and provide other welfare benefits, including houses in Lagos and Abuja, vehicles and other accouterments of comfort to the former governors and their deputies. Read more
Border closure: LCCI, Peterside condemn exemption for Dangote, others
The Founder, Stanbic IBTC Bank Plc, Mr Atedo Peterside and Lagos Chamber of Commerce and Industry have condemned the selective approach of the government to economic policies. They spoke in reaction to the exemption of Dangote Cement, BUA and a gas supply firm from land border trade restriction policy of the government. Read more
Strike: FG, PENGASSAN meeting deadlocked
The meeting to halt the strike by oil workers which was held between the Federal Government and members of the Petroleum and Natural Gas Senior Staff Association of Nigeria ended in a deadlock. Officials of PENGASSAN said the meeting was declared inconclusive as some of the demands of the oil workers were not met. Read more
NSE capitalisation hits N17tr mark, as investors sustain appetite in dividend paying stocks
The market capitalisation of the Nigerian Stock Exchange (NSE) hit the N17 trillion mark yesterday, even as sustained bargain-hunting for dividend-paying stocks continue to stimulate activities in the nation’s bourse. Read more
Experts insist on mass metering before implementation of new tariff
Experts have criticised the implementation of the new electricity tariff structure and urged the Federal Government to ensure that electricity consumers are metered first before the commencement to eliminate outrageous billings. Read more
OPS estimates losses to #EndSARS protests at over N5trillion
Director-General of the Nigeria Employers’ Consultative Association (NECA), Dr. Timothy Olawale and President, NECA, Taiwo Adeniyi at a press briefing on the state of the economy and impact of the vandalisation and destruction of business assets and properties by hoodlums during the EndSARS protests yesterday. Read more
