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Ecobank Sheds 10% over Unusual Trade Volume The market value of Ecobank Transnational Inc. Plc. (ETI) fell by about 10% to N397 billion on Friday due to large volume selloffs on the floor of the Nigerian Exchange. In the first three months of 2024, earnings results revealed that the Pan African lenders earned $0.28 per […]

VFD Group Posts N1.02 billion Pretax Loss in 2023 VFD Group Plc recorded N1.021 billion loss before tax in financial year 2023 due to sharp decline in net investment income and other income line, details from its financial statement for 2023 revealed. Its audited financial report submitted to the Nigerian Exchange showed that gross earnings […]

GTCO’s Market Value Falls 31% Below 52-Week High Selloffs has knocked out about 31% of market value of Guaranty Trust Holdings Company Plc (GTCO) to N1.097 trillion on Friday, according to data from the Nigerian Exchange (NGX). The company, however, experienced yet another wave of pessimism in the stock market, with a 6.75% decline over […]

Nigeria Showcases Digital Social Investments at APRA 2024 Various digital social investments in Nigeria, through the Nigerian Communications Commission (NCC), were showcased at the just-concluded 35th annual conference of the African Public Relations Association (APRA) in Abidjan, Côte d’Ivoire. Through a presentation by the Head of Media Management Relations at the NCC, Dr. Omoniyi Ibietan, […]

Best Performer: Transcorp Hotels Plc Gains 1048% in 12-Month Hospitality industry giant, Transcorp Hotels Plc, has dropped a step away from listed companies with more than N1 trillion in market valuation amidst negative investors’ sentiment on the local exchange. Still, the company ranks highest in capital appreciation over the last 12 months. In the last […]

Analysts Downgrade Dangote Cement, Reset Target Price Equities analysts downgraded Dangote Cement Plc to a ‘HOLD’ with a 12-month target price raised by more than 47% on expected volume recovery in Nigeria.  Dangote Cement Plc has remained steady at N657.7, bucking the trend in the equities market. The company had launched share buyback program to […]

President Bola Tinubu has flagged off the construction of the 700km Lagos-Calabar coastal road. The event took place in the Victoria Area of Lagos State on Sunday and was attended by top government dignitaries including the Minister of Works Dave Umahi, and Senate President Godswill Akpabio among others. Others include Governor Babajide Sanwo-Olu of Lagos; […]

Alhaji Aliyu Ibrahim Abdulkadir, former Emir of Gaya, says he has accepted his removal as an act of God. The former Emir is among the five first-class kings who were affected by the repeal of the law which balkanised Kano Emirate and elevated them. Ex-Governor Abdullahi Ganduje had appointed new Emirs in 2019 and dethroned […]

At least a dozen people have sustained injuries after a Qatar Airways flight from Doha to Dublin was hit by turbulence while flying over Turkey, Dublin airport authorities have said. At least six passengers and six crew members were injured on Qatar Airways flight QR017, Dublin airport said in a statement on Sunday. It said […]

Opposition federal lawmakers from different political parties under the aegis of G-60 have urged the Federal Government to steer clear the royal crisis sparking tension in the state. Following a repeal of the Kano State Emirates Council Law, Abba Yusuf, governor of Kano, had reinstated Muhammadu Sanusi as Emir of Kano. While issuing a reappointment […]

Stakeholders in Bichi, one of the emirates disbanded as a result of the repealed Kano Emirates Council law, have expressed reservation over the issue. Recall how the Kano House of Assembly repealed the law which ex-Governor Abdullahi Ganduje used to dethrone Alhaji Muhammadu Sanusi as Emir of Kano in 2020. After signing the repealed law, […]

Former President, Chief Olusegun Obasanjo has took a swipe at two out of three present administration’s policies, declaring that while the two out the three were necessary, they were, however, wrongly implemented. In a statement made available to newsmen in Abeokuta, Ogun State capital by his Special Assistant on Media, Kehinde Akinyemi on Sunday, Obasanjo […]