1. MAN faults EFCC’s visit to Dangote’s office
The Manufacturers Association of Nigeria has faulted what it describes as an armed invasion of Dangote Industries Limited by the Economic and Financial Crimes Commission in relation to the ongoing probe of forex allocation to 52 firms… Read more
Source: https://punchng.com/man-faults-efccs-visit-to-dangotes-office/
2. Nigeria’s rig count rises 75% as 2024 outlook seems bright
DESPITE many challenges, there are indications that Nigeria, a leading African oil and gas producing nation, recorded many feats in 2023, due to the positive impact of the Petroleum Industry Act, PIA… Read more
Source: https://www.vanguardngr.com/2024/01/nigerias-rig-count-rises-75-as-2024-outlook-seems-bright/amp/
3. Dangote Emerges as Africa’s Richest Man Again, Topping Forbes List
Business entrepreneur Johann Rupert of South Africa has lost his title as the richest person in Africa to Nigerian billionaire Aliko Dangote, according to Forbes and Bloomberg… Read more:
4. N110bn debt: NERC plans Kaduna Disco’s sale, dissolves board
The Nigerian Electricity Regulatory Commission, on Monday, announced the dissolution of the board of directors of Kaduna Electricity Distribution Company over the Disco’s inability to pay N110bn debt owed to the Nigeria Electricity Supply Industry… Read more
Source: https://punchng.com/n110bn-debt-nerc-plans-kaduna-discos-sale-dissolves-board/
5. NCC to bar Glo customers from calling MTN
The Nigerian Communications Commission says it will soon bar Globacom customers from making calls to MTN lines soon due to alleged non-settlement of interconnect charges… Read more
Source: https://punchng.com/ncc-to-bar-glo-customers-from-calling-mtn/
6. cNGN launch postponed
The Africa Stablecoin Consortium has announced the postponement of the launch of its cNGN stablecoin initially slated for February 27, 2024, as it awaits regulatory approval… Read more
Source: https://punchng.com/cngn-launch-postponed/
7. Fears over Nigeria’s budget 2024 as Bonny Light price drops to $76.19 per barrel
THERE were fresh fears over the successful implementation of Nigeria’s 2024 budget as the price of Bonny Light dropped to $76.19 per barrel in the global market… Read more
8. Equity market rally enters seventh day with N3.5tn gain
The rally on the Nigerian Exchange Limited entered its seventh day on Monday, resulting in a daily gain of N365bn and a compound gain of N3.5tn from the rally which started on December 28, 2023… Read more
Source: https://punchng.com/equity-market-rally-enters-seventh-day-with-n3-5tn-gain/
9. NPA urges maritime workers to suspend planned strike
The Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko, said the agency has brokered peace between the Maritime Workers Union of Nigeria and operators in the oil and gas industry over non-compliance with Stevedoring regulations… Read more
Source: https://punchng.com/npa-urges-maritime-workers-to-suspend-planned-strike/
10. Money supply rises 36% to N67trn
Broad Money supply (M3) increased Year-on-Year (YoY) by 36 percent to N67 trillion as at September 2023 (9M’23) from N49.3 trillion as at September 2022, 9M’22… Read more
Source: https://www.vanguardngr.com/2024/01/money-supply-rises-36-to-n67trn/amp/
