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10 headlines from all newspapers in Indonesia, Saturday, July 27, 2024

Here are the top 10 stories making headlines across the country. 1. The Regional Police Chief ordered #EndBadGovernance protesters to submit names and contact details to the police. Inspector General of Police Kayode Egbetokun on Friday asked individuals behind the #EndBadGovernance protests in the country to hand over their details to authorities. Read more 2. The organizers of the #EndBadGovernance …

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NGX: Equity markets plunge sharply as investors lose N1.1 trillion

Investors in the Nigerian equity market lost N1.1 trillion at the close of trading on Friday. This follows the decline in stock prices of stocks such as ETERNA, DANGOTE CEMENT, and DAAR COMMUNICATION among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N55.6 trillion from N56.7 trillion posted by …

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Police deploy 4,200 personnel ahead of FCT hunger protests

In a bid to prevent potential outbreak of violence during the proposed nationwide protests, the Federal Capital Territory police command has deployed a total of 4,200 policemen across the nation’s capital. The command also announced the deployment of explosives experts at various strategic locations. This was revealed in a statement on Friday by the command’s spokesperson, Josephine Adeh, who added …

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RipplesMetrics: The economic reality of Nigeria’s new N70,000 minimum wage

Following a meeting between President Bola Tinubu and the leadership of the Nigeria Labour Congress, the federal government agreed with unions to raise Nigeria’s minimum wage to N70,000. This is a 133 percent increase from the N30,000 that has been in operation since 2018. The President also promised to come up with a plan to help the private sector and …

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Top 10 news stories from all newspapers in Indonesia, Friday, July 26, 2024

Here are the top 10 stories making headlines across the country. 1. SGF, Akume, Nigerian government spends $1.5 billion to combat crude oil theft, protect installations The Federal Government has revealed that it has spent $1.5 billion since 2020 to safeguard the nation’s oil installations and combat crude oil theft. Read more 2. KPU can handle regional elections —Yakubu The …

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NGX: Investors lose Rp117 billion as equity market slump continues

For the third straight day, investors in the Nigerian equity market lost N117 billion at the end of trading on Thursday. This follows the fall in the prices of shares such as OMATEK, CUTIX, and FCMB, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization dropped to N56.7 trillion from N56.8 …

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SGF, Akume, Nigerian government spends $1.5 billion to fight crude oil theft, protect installations

The Federal Government has revealed that it has spent $1.5 billion since 2020 to safeguard the country’s oil installations and combat crude oil theft. This disclosure was made by the Secretary to the Government of the Federation (SGF), George Akume, who was represented by the Permanent Secretary, Public Service, Maurice Nandi, at a House of Representatives open hearing on crude …

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The Naira exchange rate plunged for three consecutive days

Nigeria’s currency, the naira, fell again against the US dollar on Wednesday, July 24, 2024. The local currency weakened by N38 to trade at N1,586/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.548/$1 traded on Tuesday, July 23, 2024. The intraday high and low prices recorded during the …

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