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As a result, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.7 per cent to close at 39,170.95, just as market capitalisation rose N150.8 billion to close higher at N20.4 trillion.

Nigerian stock market opens week with N340 billion loss

The Nigerian stock market, yesterday, ended the first trading session of the week on a negative note, as the market declined by N340 billion following sell-offs in Airtel Africa Plc and 25 others.
As a result, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.7 per cent to close at 39,170.95, just as market capitalisation rose N150.8 billion to close higher at N20.4 trillion.

NGX maintains bullish run with 0.1% gain

The bullish run in the local bourse persisted on Thursday with the key market indicators increasing further by 0.10 per cent.
As a result, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.7 per cent to close at 39,170.95, just as market capitalisation rose N150.8 billion to close higher at N20.4 trillion.

Stock market gains N151 billion as bulls consolidate hold

The bulls had regained control of the market on Tuesday after a negative trading on the first day of the week. The positive trend continued yesterday as 25 stocks appreciated in prices compared with six that depreciated.
An adult holding a baby walks at a store selling baby products in Shanghai, China June 1, 2021. REUTERS-Aly Song

China’s third-child policy boosts shares in toy, diaper makers

China’s announcement on Monday to allow married couples to have up to three children - from the previous limit of two - also sent brokerage analysts scrambling to recommend stocks, despite a widely-shared perception that the policy shift won’t have a sudden impact on the country’s declining birth rate.

SEC to assist mining ministry in commodities exchange

The Security and Exchange Commission (SEC) has expressed its preparedness to assist the Ministry of Mines and Steel Development in resolving some of the challenges faced in the solid minerals sector through commodities exchanges.
Dangote Cement

Dangote Cement to resume purchase of own shares

Dangote Cement Plc will now advance to the second phase of buying up to 10 per cent of its outstanding shares back from the public, hoping the move will help create a lower supply of its common stock, needed to drive up share price and improve valuation.

SEC sets deadline for crowdfunding platforms registration

The Securities and Exchange Commission has directed all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria for raising funds through and/or operating a Crowdfunding Portal and comply with the registration requirements or cease operations by the 30th of June, 2021.
Dangote Cement

Shareholders hail Dangote Cement over N272.6 billion dividend

Shareholders of Dangote Cement Plc yesterday commended the company for an impressive performance despite the economic challenges in the year under review.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX maintains bearish trend, indices down by 0.08%

Transactions on the Nigerian stock market maintained bearish mood on Tuesday, extending the trading losses to seven consecutive sessions.
BUA Group

BUA Cement issues N115 billion bond

FMDQ Securities Exchange Ltd has announced the admission for listing the BUA Cement Plc N115 billion series 1 fixed rate senior unsecured bond under its N200 billion bond issuance programme.

SEC adopts guidelines on sustainable finance for market operators

SEC said the objectives of the guidelines on NSFP are to stimulate a resilient, competitive and sustainable capital market that promotes economic development and improves the quality of life for all as well as improve corporate governance practices to ensure that players in the market operate in a transparent and sustainable manner.
Trading resumed on the Nigerian Exchange on Friday after the public holidays to mark the Eid-el-Fitr celebration with growth of N25 billion.

Nigerian Exchange resumes trading with N25 billion growth

Trading resumed on the Nigerian Exchange on Friday after the public holidays to mark the Eid-el-Fitr celebration with growth of N25 billion.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX Group to launch stock market campaign

The Nigerian Exchange Group (NGX Group) Plc is set to launch a campaign to project its new positioning and commitment to the African financial markets.
Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group (NGX Group) Plc’s campaign.

2Baba, Chike to perform at NGX Group’s launch

Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group (NGX Group) Plc’s campaign.
FILE PHOTO - Representations of virtual currency bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS-Dado Ruvic-Illustration

New digital currency exchange unveiled in Lagos

A new mobile app that allows instant exchange of crypto currency with the naira and other currencies in the globe has debuted in Lagos, courtesy of Tradefada Nigeria Limited.

SEC to ban unregistered capital market operators

The Securities and Exchange Commission (SEC) says it will stop operations of capital market operators (CMOs) that are yet to renew their registration by May 31, 2021.

SEC bars unregistered operators from capital market after May 31

The Securities and Exchange Commission, SEC, has declared that Capital Market Operators, CMO, who fail to renew their registration before May 31, 2021, will not be allowed to operate in the market.

Minister inaugurate panel to investigate suspended NPA boss

The Minister of Transportation, Mr Rotimi Amaechi, has inaugurated a committee to investigate the alleged shortfall in operating surpluses by the Nigerian Ports Authority (NPA) under the leadership of the suspended MD/CEO, Hadiza Bala Usman.
The logo of MTN is pictured in Abuja, Nigeria September 11, 2018. REUTERS-Afolabi Sotunde-File Photo

MTN Nigeria issues N110 billion first telco bond

MTN Nigeria says it has successfully completed the issuance of N110 billion fixed rate bond due in 2028, under its N200 billion bond issuance programme.
The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion.

Lagos commodities exchange set to list first gold instrument

The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX records N419 billion growth in April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.

SEC denies recruitment exercise, disowns fake websites

The Securities and Exchange Commission (SEC) has denied conducting any recruitment exercise as being circulated in several websites and blogs purportedly associated to it.

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Bandits invaded the Federal Government Girls College, Birnin Yauri, Kebbi State on Thursday afternoon, kidnapped many students and killed some policemen.

Kebbi school attack: Bandits release pictures of abducted pupils, staffers

Heavily armed bandits, on Monday, released photographs showing some of the abducted students and staff members of the Federal Government College, Birnin Yauri in Kebbi State.
Athletics - Tokyo 2020 Olympic Games Test Event - Athletics - Olympic Stadium, Tokyo, Japan - May 9, 2021 General view inside the stadium REUTERS-Kim Kyung-Hoon

Up to 10,000 fans allowed at Tokyo 2020 venues, despite warnings

Up to 10,000 domestic spectators will be allowed in Tokyo 2020 venues, Olympics organisers said on Monday, a decision that cuts against the recommendation of medical experts who said holding the event without fans was the least risky option.
The Police Command in Oyo State, on Sunday, confirmed the murder of a popular Ibadan Radio Presenter, Mr Titus Badejo, by unknown gunmen.

MRA condemns killing of Ibadan radio presenter

Media Rights Agenda (MRA) Monday, condemned the killing in Ibadan, Oyo State, on Saturday, June 19 of popular radio presenter, Mr Titus Badejo, by unknown gunmen and called on the Federal Government as well as relevant security and law enforcement agencies, especially the Nigeria Police and the Department of State Services (DSS), to conduct a thorough investigation and ensure that the perpetrators are apprehended and prosecuted.
NDLEA

21-year old man charged with peddling 750g cannabis

The National Drug Law Enforcement Agency (NDLEA) has charged a 21-year-old man, John Kelechi, before a Federal High Court in Lagos for allegedly peddling in Cannabis.
Tokyo Olympics organisers are eyeing next July as a start date for the postponed Games, Japanese media reported Sunday, following the historic decision to delay the event due to the coronavirus.

New poll indicate rising support for Tokyo Olympics this summer

Although a majority in Japan still prefer the cancellation or postponement of the Tokyo Olympics but support for the event has recorded an increment nonetheless.

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Tokyo Olympics organisers are eyeing next July as a start date for the postponed Games, Japanese media reported Sunday, following the historic decision to delay the event due to the coronavirus.

New poll indicate rising support for Tokyo Olympics this summer

Although a majority in Japan still prefer the cancellation or postponement of the Tokyo Olympics but support for the event has recorded an increment nonetheless.
Activist and co-convener of the Bring Back Our Girls campaign, Aisha Yesufu has been listed amongst the BBC’s 100 inspiring and influential women from around the world.

2023: APC, PDP leaders incompetent – Aisha Yesufu

Nigerian activist, Aisha Yesufu, has hinted at the need for the founding of a new political party iahead of the 2023 presidential election due to what she describes as the incompetent candidates from the two leading parties in the country.
Switzerland's Xherdan Shaqiri on Tuesday praised his former Inter Milan coach Roberto Mancini for turning Italy into possible Euro 2020 title challengers despite a lack of obvious star players.

Euro 2020: Xherdan Shaqiri praises Roberto Mancini for his work with Italy

Switzerland's Xherdan Shaqiri on Tuesday praised his former Inter Milan coach Roberto Mancini for turning Italy into possible Euro 2020 title challengers despite a lack of obvious star players.
Arsenal have reportedly had an opening offer for Albert Sambi-Lokonga turned down.

Report: Opening bid rejected as Arsenal chase Anderlecht midfielder

The Gunners are looking for reinforcements in midfield this summer after finishing eighth in the Premier League for the second season running.
The favourite to succeed Hassan Rouhani, a pragmatist prevented under the constitution from serving a third four-year term, is hardline Ebrahim Raisi.

Rights groups call for probe into Iran’s Ebrahim Raisi for crimes against humanity

Amnesty International and Human Rights Watch said Ebrahim Raisi's election as Iran's new president was a blow for human rights and called for him to be investigated over his role in what Washington and rights groups have called the extrajudicial executions of thousands of political prisoners in 1988.