Good Evening. Here is today’s News Brief from The Matrix:
1. LCCI Warns Businesses To Brace Up For More Challenges In 2025
The Lagos Chamber of Commerce and Industry (LCCI) has warned Nigerian businesses to brace up for greater challenges in 2025, asking them to prepare for “more stress”.
This was announced In a statement on Monday by Chinyere Almona, LCCI’s Director-General.
2. Crashed Sikorsky Helicopter Wasn’t Fitted With FDR, NSIB Indicts NCAA
The Nigerian Safety Investigation Bureau, NSIB, has indicted the Nigeria Civil Aviation Authority, NCAA, following its accident investigation report released on Tuesday, December 17, 2024.
Among the faults filed against the NCAA was the non-fitting with a Flight Data Recorder (FDR) on the aircraft which is contrary to part 7.8.2.2(q) of the Nigeria Civil Aviation Regulations (Nig. CARs) 2023 which requires that FDR shall be fitted on the helicopter.
3. Senate Moves To Ban Use Of Foreign Currencies In Business Transactions In Nigeria
The Senate is intensifying efforts to ban the dollarization of the Nigerian economy as a bill seeking to ban the use of foreign currency in transacting businesses in Nigeria has scaled the first reading on the floor of the Nigerian Senate.
4. Equities Market Sustains Positive Rally, Crosses 100k Basis Points Mark, Investors Gain N76bn
The Nigerian equities market sustained its positive run crossing the 100,000 basis points with investors gaining N76bn on the trading floor of the Nigerian Exchange Group (NGX) on Tuesday, December 17, 2024.
5. SEC DG Highlights Importance Of Achieving $1trn Economy
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has highlighted the importance of achieving a $1 trillion economy noting that it is not just an ambitious goal but a necessary step for Nigeria’s prosperity and economic resilience.
6. Ghanaian President-Elect Mahama Visits Tinubu At Presidential Villa
Ghana’s President-Elect, John Dramani Mahama, visited Nigeria’s President Bola Tinubu on Monday at the Presidential Villa in Abuja.
This visit was confirmed by Tinubu’s Special Assistant on Social Media, Dada Olusegun, who shared the news via a post on X.com on Tuesday.
7. Edo Govt Issues 72-Hour Ultimatum to Ighodalo, Others to Return State VehiclesThe E
do State Government has issued a 72-hour ultimatum to Asue Ighodalo, the Peoples Democratic Party (PDP) candidate in the last governorship election, and other individuals to return government vehicles allegedly in their possession.
The Chairman of the Government Assets Recovery Committee, Kelly Okungbowa, disclosed this during a press briefing, emphasizing the administration’s commitment to reclaiming state property
8. World Bank Plans $1.65bn Loans For Nigeria In 2025
The World Bank is preparing to approve three major loan projects for Nigeria in 2025, totaling $1.65 billion.
These loans aim to address critical developmental challenges, including support for internally displaced persons, education, and nutrition enhancement.
9. Reps Summon Army Chiefs Over Alleged Human Rights Violations
The House of Representatives has summoned Nigeria’s Chief of Defence Staff, Chief of Army Staff, and the Commanding Officer of the 177 Battalion to appear before its Committees on Army, Human Rights, and Justice on Thursday, December 20, 2024.
The military chiefs are to address allegations of constitutional violations by officers under their command.
10. IGP Bans Arbitrary Arrests, Phone Searches, Youth Harassment By Police
Inspector-General of Police (IGP) Kayode Egbetokun has issued a strict directive prohibiting arbitrary arrests, phone checks, and harassment of youths by police officers across the nation.
The directive, conveyed to all state police commands, aims to curtail misconduct and re-establish public trust in the Nigeria Police Force.
