March 11, 2023

[GIST] US stocks tumble on Silicon Valley Bank turmoil

[GIST] US stocks tumble on Silicon Valley Bank turmoil

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Wall Street stocks ended Friday’s session decisively lower as banking shares wobbled on contagion fears, after the failure of regional lender Silicon Valley Bank. The Dow Jones Industrial Average finished down 1.1 per cent at 31,909.96. The broad-based S&P 500 fell 1.5 per cent to 3,861.59, while the tech-rich Nasdaq Composite Index slid 1.8 per


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March 10, 2023

[GIST] Crude oil sales rise by 46% to N21tn – NBS

[GIST] Crude oil sales rise by 46% to N21tn – NBS

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022. This is as total trade rose by 31.79 per cent from N39.75tn in 2021 to N52.39tn in 2022. In 2022, crude oil sales totalled N21.09tn, a 46.41 per cent increase from N14.41tn in 2021. In 2022, crude


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[GIST] Obaseki approves training for 10,000 civil servants

[GIST] Obaseki approves training for 10,000 civil servants

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Edo State Governor, Godwin Obaseki, has approved the training of 10,000 civil/public servants in the state. According to the Managing Director of John Odigie-Oyegun Public Service Academy, Imuwahen Ajoonu, the training would commence on Monday with classes holding in the academy’s premises and online. Ajoonu noted that the aim of the academy is to strengthen


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[GIST] Nigeria’s misery index rises by 12 points

[GIST] Nigeria’s misery index rises by 12 points

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Nigeria’s misery index has soared by 11.9 percentage points to 73.05, The PUNCH’s findings have shown. The misery index is a measure of economic distress felt by everyday people, due to the risk of (or actual) joblessness combined with an increasing cost of living. The misery index is calculated by adding the seasonally adjusted unemployment


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[GIST] N10tn manufacturing trade deficit recorded in 2022 – Report

[GIST] N10tn manufacturing trade deficit recorded in 2022 – Report

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The value of manufactured goods imported into the country in 2022 stood at N11tn, leaving a N10.2tn difference when compared with its import component, which stood at N781bn. This is according to the Foreign Trade Statistics report published by the National Bureau of Statistics. The report showed that the import bill for manufactured goods in


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[GIST] Gov poll: ‘AAC not endorsing Rivers, Oyo PDP, APC candidates’

[GIST] Gov poll: ‘AAC not endorsing Rivers, Oyo PDP, APC candidates’

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The African Action Congress has distanced itself from the purported endorsement of the Rivers State Peoples Democratic Party governorship candidate, Sir Siminialaye Fubara. The Oyo State chapter of the party, in a statement by its Chairman, Kayode Babayomi, made available to The PUNCH, also said the party was not in alliance with the governorship candidate


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March 9, 2023

[GIST] This Yoruba/Igbo altercation is needless

[GIST] This Yoruba/Igbo altercation is needless

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

I saw a very chilling video on Monday. In it, a man who did not bother to hide his identity threatened some people he did not name about this weekend’s governorship elections. He said that anyone voting in the election must vote for only one party and nothing else. He dared his audience to do


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[GIST] Court grants Tinubu access to presidential poll materials

[GIST] Court grants Tinubu access to presidential poll materials

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The court of Appeal, on Wednesday, ordered the Independent National Electoral Commission to grant the President-elect, Bola Tinubu, access to materials it used for the February 25 presidential election. The Justice Joseph Ikyegh-led panel said it found merit in Tinubu’s request to have access to the electoral materials in order for him to prepare his


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[GIST] Manpower shortage in tech to affect businesses – Report

[GIST] Manpower shortage in tech to affect businesses – Report

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Nigerian companies are suffering from the scarcity of tech workers, a report by SAP Africa has disclosed. According to the report, nearly all organisations in Nigeria and Africa are expected to experience a tech skills-related challenge in 2023. According to the report titled, ‘Africa’s Tech Skills Scarcity Revealed,’ Nigerian companies are the most hit when


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[GIST] Biden knocks Republicans for downplaying  Jan 6 Congress attack

[GIST] Biden knocks Republicans for downplaying  Jan 6 Congress attack

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

US President Joe Biden said Wednesday that Republicans should be ashamed of supporting an effort by Fox News to play down the seriousness of the January 6, 2021 assault on Congress by a mob of Donald Trump supporters. “More than 140 officers were injured on Jan 6. I’ve said before: How dare anyone diminish or


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