1. Investors gain N130bn amid moderation in trade volume, deals
Trading activities on the Nigerian Exchange Limited moderated on Tuesday even as the investors gained N130bn at the close of trading… Read more
Source: https://punchng.com/investors-gain-n130bn-amid-moderation-in-trade-volume-deals-2/
2. UK commits $15m to Nigeria’s agric sector
The British International Investment, the United Kingdom’s development finance institution and impact investor, has concluded plans to invest $15m in equity into a Singapore-headquartered agricultural commodities trading house, Valency International… Read more
Source: https://punchng.com/uk-commits-15m-to-nigerias-agric-sector/
3. High Interest Rate: Mutual funds rise 47% to N2trn, highest in 12yrs
Net Asset Value of Mutual Funds rose 47 per cent, year on year, to N2.019 trillion , the highest in 12 years, driven by investors’ quest for high yields amidst the prevailing high interest rate regime… Read more
4. Electricity: FG unveils plan to unbundle TCN into two entities
A day after the power grid collapsed for the second time this year, the Federal Government has disclosed that as part of the overall reform of the sector, the Transmission Company of Nigeria, TCN, would be unbundled into two distinct entities… Read more
5. Nigeria gets 40,000MW power from generators, says FG
Nigeria gets about 40,000 megawatts of electricity from generators powered by Premium Motor Spirit, popularly called petrol, and those run by Automotive Gas Oil, also known as diesel, the Federal Government declared on Tuesday… Read more
Source: https://punchng.com/nigeria-gets-40000mw-power-from-generators-says-fg/
6. NPA moves to disable trucks involved in call up ticket racketeering
IN a bid to sanitize the electronic call up system which has been enmeshed in controversy, the leadership of the Nigerian Ports Authority, NPA, has commenced moves to penalize truck drivers involved in malpractices in the call-up system… Read more
7. Benefits, downsides of high-interest savings accounts
In a bid to get more returns, some bank customers are turning to High-Interest Savings Accounts offered by fintechs and even traditional banks.. Read more
Source: https://punchng.com/benefits-downsides-of-high-interest-savings-accounts/
8. Govt eyes 1.7mbpd crude, November output fell
The Federal Government, on Tuesday, declared that Nigeria would meet and surpass the 2024 crude oil budget benchmark of 1.7 million barrels per barrel despite the marginal decline in oil output in November 2023… Read more
Source: https://punchng.com/govt-eyes-1-7mbpd-crude-november-output-fell/
9.Parthian Partners foresee NNPCL, Dangote refinery capital market listingÂ
Indigenous interdealer brokerage firm, Parthian Partners, has projected that the Nigerian National Petroleum Corporation Limited and Dangote Refinery would be listed on the Nigerian capital market in 2024… Read more
Source: https://punchng.com/parthian-partners-foresee-nnpcl-dangote-refinery-capital-market-listing/
10. FG projects 280,000 jobs for auto sectorÂ
Nigeria is projecting the automobile industry to contribute 25 per cent of the country’s Gross Domestic Product and create 280,000 job opportunities… Read more
Source: https://punchng.com/fg-projects-280000-jobs-for-auto-sector/
