Top 10:
1. Aba landlords tackle TCN, to protest power disconnection
According to an Entrepreneurng report, the Aba Landlord Protection and Development Association has asked the Transmission Company of Nigeria to lift the disconnection order of Aba Power Limited Electrical from the national grid with immediate effect… Read more
Source: https://punchng.com/aba-landlords-tackle-tcn-to-protest-power-disconnection/
2. Otedola exits Transcorp weeks after acquiring shares – Report
Nigerian billionaire, Femi Otedola, has divested from indigenous conglomerate, Transcorp Corporation Plc, barely weeks after acquiring substantial shareholding… Read more
Source: https://punchng.com/otedola-exits-transcorp-weeks-after-acquiring-shares-report/
3. Akwa Ibom records N34.8bn IGR in 2022 – AKIRS
Akwa Ibom State Internal Revenue Services said it recorded an increase of over N34.8bn in its revenue generation for the 2022 fiscal year… Read more
Source: https://punchng.com/akwa-ibom-records-n34-8bn-igr-in-2022-akirs/
4. GDP fell 11%, N12bn projects abandoned over insecurity – CDS
The Chief of Defence Staff, General Lucky Irabor, has said the spate of insecurity across different parts of the country has resulted in a loss of over 11 per cent of the Gross Domestic Product annually and N12bn worth of projects abandoned… Read more
Source: https://punchng.com/gdp-fell-11-n12bn-projects-abandoned-over-insecurity-cds/
5. EX-NNPC GMD sues EFCC, CBN, GTB over non-release of $9.8m
Former Group Managing Director, Nigerian National Petroleum Corporation, Andrew Yakubu, has sued the Economic and Financial Crimes Commission, the Central Bank of Nigeria and Guarantee Trust Bank over alleged refusal to release his $9.8 million after a court judgement… Read more
Source: https://punchng.com/ex-nnpc-gmd-sues-efcc-cbn-gtb-over-non-release-of-9-8m/
6. Yuan weakens against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 33 pips to 6.9240 against the dollar on Friday, according to the China Foreign Exchange Trade System… Read more
Source: https://punchng.com/yuan-weakens-against-dollar/
7. Gombe: Women farmers decry lack of access to farm inputs
Small Scale Women Farmers Organisation in Nigeria, Gombe State chapter has decried the impact of lack of access to agricultural inputs, saying it has affected food production in the state… Read more
Source: https://punchng.com/gombe-women-farmers-decry-lack-of-access-to-farm-inputs/
8. Seplat Energy grows revenue by 36.9% amid crisis
Indigenous energy company, Seplat Energy Plc, grew its revenue by 36.9 per cent to $331m in the first quarter of 2023 compared to $241.8m in the first quarter of 2022… Read more
Source: https://punchng.com/seplat-energy-grows-revenue-by-36-9-amid-crisis/
9. Retailers step up as institutional investors shun traded funds
Institutional investors are abandoning the Exchange Traded Funds segment of the Nigerian capital market, creating a void that retail investors have stepped up to fill. OLUWAKEMI ABIMBOLA explores how this trend is shaping the market… Read more
Source: https://punchng.com/retailers-step-up-as-institutional-investors-shun-traded-funds/
10. Electricity: NNPCL, five JV partners sign gas supply agreement
Six joint venture domestic and international oil companies, on Thursday, signed a Gas Supply Agreement for the supply of natural gas for a 500 megawatts power project valued at over $250m (N115bn at the official exchange rate of N461/$)… Read more
Source: https://punchng.com/electricity-nnpcl-five-jv-partners-sign-gas-supply-agreement/
