Author: Ogochukwu Ndubuisi

The Nigerian Exchange (NGX) All-Share Index (ASI) surged 57 basis points on Tuesday, driven by buying interest in banking, industrial, and oil & gas stocks.

 Dangote Petroleum Refinery has reduced the price of aviation fuel, also known as Jet A1, from N1,750 to N1,650 per litre. The company said the move is aimed at reducing the financial burden on airline operators and ensuring a steady nationwide fuel supply.

 The Securities and Exchange Commission (SEC) says the transition to a T+1 settlement cycle for equities and commodities transactions will take effect from June 1.

Ease of Doing Business: PEBEC Pushes Digital Integration Among MDAs Presidential Enabling Business Environment Council (PEBEC), has called for stronger digital integration among Ministries, Departments, and Agencies (MDAs) to improve governance efficiency and ease of doing business in Nigeria. The Director-General of PEBEC, Princess Zahra Abubakar Audu, made the call during the Retreat for Heads of MDAs and MDA Reform Champions in Abuja on Monday. The theme of the retreat is, “From Collaboration to Integration: Digitalising Government Services through Shared Systems and Data”. Audu said the council was promoting interagency connectivity to reduce duplication, improve efficiency, and ensure seamless service…

WHO Warns of Rising Pandemic Threats The World Health Organization (WHO) says the world faces worsening pandemic threats, warning that investments in preparedness are failing to match increasing global outbreak risks and emergencies. A statement released on Monday said experts monitoring global preparedness warned that infectious disease outbreaks were becoming increasingly frequent and damaging, while widening health, economic, political and social consequences weakened recovery capacities globally. According to the statement, a decade after Ebola exposed dangerous gaps in outbreak preparedness and six years after COVID-19 transformed those weaknesses into global catastrophe, evidence now clearly demonstrates continuing international vulnerability. It said…

FG Unveils Digital Tax Ombud Platforms to Boost Confidence The Federal Government has unveiled digital platforms for the Office of the Tax Ombud (OTO) to strengthen transparency, accountability and fairness in Nigeria’s tax administration system. The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, unveiled the website, call centre and management portal on Monday in Abuja. He described the initiative as a major milestone in the country’s ongoing fiscal reform and taxpayer protection efforts. Oyedele said that the modern tax system must combine efficient revenue generation with fairness, transparency, accountability and public trust. The minister said…

Labour Party Disowns Abure’s Nomination Forms, Cautions Aspirants The Labour Party (LP) has dismissed nomination forms allegedly issued by its former National Chairman, Julius Abure, describing them as “worthless papers”, warning party members and aspirants against patronising him. The party’s National Publicity Secretary, Ken Asogwa made this known in a statement issued to newsmen on Sunday in Abuja. According to him, the leadership has received numerous enquiries following the circulation of social media images showing Abure presenting purported nomination forms to some individuals in Abia. Asogwa said only forms issued through the party’s National Secretariat in Utako, Abuja, were valid…

WHO Declares DRC Ebola Outbreak of International Concern The World Health Organisation (WHO) has declared the ongoing Ebola outbreak in the Democratic Republic of the Congo (DRC) and Uganda a Public Health Emergency of International Concern. WHO cited the rising cases, cross-border spread and significant uncertainties about the scale of the epidemic. The decision, announced by WHO Director-General Tedros Ghebreyesus on Sunday, follows reports of both confirmed and suspected infections linked to the Bundibugyo strain of the virus. While the situation is serious, it does not currently meet the criteria for a pandemic emergency under the WHO’s international Health Regulations…

Heirs Holdings Founder tells Presidents Ruto and Macron that Africa wants partners of substance, based on equality, and that power and infrastructure must come first.

Weekly Review: NGX Transacts 7.772bn Shares, Gains N3.35trn The Nigerian Exchange Ltd. (NGX) All-Share Index and market capitalisation rose by 2.27 per cent and 2.13 per cent, respectively, to close the week at 250,330.92 points and N160.444 trillion. This compares with 244,775.83 points and N157.094 trillion recorded in the previous week. Analysis of market performance showed that investors gained N3.350 trillion as the market recorded three bullish sessions and two bearish sessions during the week. Similarly, all other indices closed higher except the NGX Oil and Gas Index, NGX Sovereign Bond Index, and NGX Commodity Index, which declined by 1.19…