1. NRC to commence night operations
The Nigeria Railway Corporation has concluded plans to launch night operations before the second quarter of 2024… Read more
Source: https://punchng.com/nrc-to-commence-night-operations/
2. Naira falls to N1,035/$ in official market; ‘black market’ N1,235Â
The Naira, today, depreciated to N1,035.12 per dollar in the Nigerian Foreign Exchange Market, NAFEM.. Read more
Source: https://www.vanguardngr.com/2024/01/naira-falls-to-n1035-in-official-market-black-market-n1235/amp/
3. Economy ‘ll remain bleak for next 6 months — NECAÂ
Nigeria Employers’ Consultative Association, NECA, has warned that there will not be any significant growth in the nation’s economic outlook in the next six months, saying the economy will remain bleak… Read more
Source: https://www.vanguardngr.com/2024/01/economy-ll-remain-bleak-for-next-6-months-neca/amp/
4. Stakeholders divided over proposed import ban on used vehiclesÂ
The National Automotive Design and Development Council has proposed a ban on the importation of used vehicles that are more than 20 years old… Read more
Source: https://punchng.com/stakeholders-divided-over-proposed-import-ban-on-used-vehicles/
5. Transcorp, Chams, CWG shares record over 700% price gain
Transport Hotels Plc, Chams Holding Company Plc and Computer Warehouse Group, CWG Plc, topped the winners’ chart on Nigeria Exchange Limited (NGX) in capital appreciation in 2023, with price gain that ranged from 721.8 % to 1022 .9 %… Read more
Source: https://www.vanguardngr.com/2024/01/transcorp-chams-cwg-shares-record-over-700-price-gain/amp/
6. Passengers lament high transport costs despite FG’s 50% rebate
Despite the Federal Government’s 50 per cent fare rebate, passengers have lamented that the anticipated relief has yet to materialise, with transport costs remaining high… Read more
Source: https://punchng.com/passengers-lament-high-transport-costs-despite-fgs-50-rebate/
7. NGX off to strong start, as investors gain N665bn
The stock market, yesterday, opened the year on a very strong note, with investors gaining N665 billion following bargain hunting in some blue chip companies… Read more
Source: https://www.vanguardngr.com/2024/01/ngx-off-to-strong-start-as-investors-gain-n665bn/amp/
8. PMI hit 52.7 in December – ReportÂ
The business environment in Nigeria recorded an improvement in December 2023 with the Purchasing Managers Index rising to 52.7 from 48.0 in November, according to the latest PMI report released by Stanbic IBTC… Read more
Source: https://punchng.com/pmi-hit-52-7-in-december-report/
9. Electricity generation drops 9.6% as Discos generate N757.8bn in 9mths Â
Nigeria’s Electricity generation dropped Month-on-Month, MoM by 9.6 per cent to 4,402.5 megawatts, MW yesterday January 2nd, from 4,869.71MW due to limited gas supply and other problems… Read more
10. NAFDAC slashes licensing fees by 65%Â
The National Agency for Food and Drug Administration and Control has announced that it has reduced processing fees for the renewal of registration for locally manufactured products by 65 per cent to N44,200… Read more
Source: https://punchng.com/nafdac-slashes-licensing-fees-by-65/
