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Equities Investors Gain N345bn After 4-Day Loss Equities investors gained N345 billion on Friday after 4-day selling pressures at the local bourse. Reversing the downward trend, transactions rebounded on Friday with the market capitalisation due to positive interest in financial services stocks. The latest rally lifted equities market capitalisation to N55.735 trillion, compared with N55.390 […]

About 2 Billion People Watching 2023 AFCON—- CAF President The Confederation of African Football (CAF) President, Patrice Motsepe, on Friday in Abidjan said about two billion people globally are watching the 2023 Africa Cup of Nations (AFCON) in Côte d’Ivoire. Motsepe disclosed this at a news conference, ahead of the AFCON final on Saturday. He […]

Enugu Govt. Approves Construction of 22km Road in Isiuzo LGA The Enugu State Government has approved the construction of phase one of the 22 kilometre road in Isiuzo Council Area to reduce insecurity and improve agricultural activities in the area. Mr Gerald Otiji, the State Commissioner for Works and Infrastructure, disclosed this while briefing newsmen […]

Navy Uncovers 15 Illegal Refineries in Rivers The Nigeria Navy has discovered 15 massive illegal refining sites with the capacity to process 2.7 million litres of crude oil per day in Rivers, a senior navy official revealed. Commodore Desmond Igbo, the Commander, of Nigeria Navy Ship (NNS) Pathfinder, Port Harcourt, made the disclosure on Friday […]

Dangote Pledges to Ease Economic Burden in Kano State The President of Dangote Conglomerate, Alhaji Aliko Dangote, has pledged to support social policies and human development initiatives of government, targeted at ameliorating the economic burden on the people of Kano State. Dangote pledged when he met with Gov. Abba Yusuf at Government House on Friday. […]

Demand for Nigerian Crude Oil Spikes Demand for Nigerian crude oil grades rose sharply in the global market despite trading above the benchmark price.  Nigerian differentials edged up on Friday as crude from Africa’s top exporter stayed competitive with European and U.S. grades, traders said. Cargoes of Nigerian Bonny Light and Qua Iboe crude were […]

We Want Foreign Investors Back in Capital Market – SEC DG The Director-General, Securities and Exchange Commission(SEC), Mr Lamido Yuguda, says the financial sector wants foreign investors back in the capital market to further grow the market and the economy. He said that SEC had been trying to design regulations that give confidence to both […]

Private Sector, not Govt, Engine of Economic Opportunities – ACCI Boss The Abuja Chamber of Commerce and Industry (ACCI) says the private sector, not the government, is the engine of economic opportunities. The ACCI President, Mr Emeka Obegolu, said this during his inauguration  dinner as the 12th President of the ACCI in Abuja. Obegolu, who […]

The Economic and Financial Crimes Commission has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others, wanted for money laundering. Mrs Emefiele, Mr Eric Odoh, Anita Omoile and her husband, Jonathan Omoile, were declared wanted Friday night for allegedly conspiring with the former CBN Governor […]

Foremost political economist Pat Utomi said ‘missteps’ of the Central Bank of Nigeria (CBN) contributed to the incessant fall of the naira. Utomi stated this in an interview on Channels Television’s Sunrise Daily on Friday, recalling that the naira exchanges for about N1,400 to a dollar in the parallel market as of now and has […]

The Peoples Democratic Party (PDP) condemns the reported approval of a whooping N500 million as first installment of a N1billion allegedly approval by President Bola Ahmed Tinubu for the inauguration of the a 37-man Tripartite Committee on New National Minimum Wage as reportedly contained in a leaked memo by the Secretary to the Government of […]

Mixed reactions have followed the renewed call for the regulation of social media by Femi Gbajabiamila, the chief of staff to President Bola Tinubu, saying it has become a societal menace. Gbajabiamila expressed this view while representing Tinubu at the public presentation of a book titled “Nigerian Public Discourse: The Interplay of Empirical Evidence and […]