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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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX: Stock market investors lose N81 billion to profit-taking

Trading on the Nigerian Exchange Limited (NGX), yesterday, closed the first trading session of the week on a negative note, as NSE-All-Share Index (ASI) declined by N81 billion or 0.40 per cent.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Investors lose N118 billion on renewed profit taking

Investors on the Nigerian equities market yesterday lost N118 billion as the market reversed its previous session gains on renewed profit-taking.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Monetary policy, corporate results spur equity performance

The stock market swung back into positive territory yesterday following the retention of the Monetary Policy Rate, MPR, at 11.5 per cent by the Central Bank of Nigeria, CBN, in its second Monetary Policy Committee, MPC, meeting of the year.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Operators identify factors discouraging foreign investors from stock market

Foreign investors’ low patronage of the Nigerian stock market has been attributed to scarcity of foreign exchange (FX) as well as concerns about the coronavirus pandemic.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE compensates 49 investors with N17.02 million

According to him, the NSE engaged with the federal government to secure an ”essential service status” for the market as part of its Covid-19 response as well as engaged with the Federal Ministry of Finance, Budget and National Planning to achieve specific capital market incentives in the 2019 and 2020 Finance Acts.
An economist, Ms Razia Khan, also Managing Director-Chief Economist, Africa and Middle East, Global Research, Standard Chartered Bank, on Tuesday said Nigeria would see a restoration of positive growth.

2021 Outlook: Nigeria will record positive GDP growth – economist

An economist, Ms Razia Khan, also Managing Director/Chief Economist, Africa and Middle East, Global Research, Standard Chartered Bank, on Tuesday said Nigeria would see a restoration of positive growth.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Nigerian stocks maintain bullish trend for fifth straight day

Equities on the Nigerian Stock Exchange generally posted their fifth consecutive daily gains on Thursday as leading stocks including Seplat, Dangote Cement and MTNN propelled the N325 billion upward drift.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

All-Share Index rises 2.2% as market begins 2021 on positive note

The equities market began 2021 on positive note yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 2.18 per cent to close at 41,147.39, while market capitalisation added N458.4 billion to be at N21.5 trillion.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Investors gain N1.3 trillion as stock market rises to N19 trillion

The continued flow of funds into the stock market on the back of investors’ continued search for attractive returns pushed the market capitalisation from N17.092 trillion to N19.236 trillion, while the Nigerian Stock Exchange (NSE) All-Share Index (ASI), rose from 34,250.74 to 36,804.75 or 7.46 per cent, which are new highs.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

All-Share Index grows by 1.7% as trading resumes

The first trading session of the week opened bullish following the 1.73 per cent growth recorded by the Nigerian Stock Exchange (NSE) on Monday.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Airtel, Guinness drive NSE ASI up 1.73 percent

Despite the bearish sentiment that hovered around the Nigerian stock market last week, transactions rebounded as the shares of Airtel, Guinness and Dangote Cement lifted the market’s index up by 1.73 per cent on Monday.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Equities shed N464 billion as profit taking halts bull run

The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance.

Fidelity Bank to raise N75 billion through bond sale

Fidelity Bank Plc has started to raise N75 billion to support small and medium enterprises (SMEs), retail business as well as investments in technology and infrastructure. The financial institution is issuing N75 billion Series 1, 10 year Fixed Unsecured subordinated bonds under its N100 billion bond issuance programme. The offer opened on Monday December 7 and is expected to close on Monday December 14, 2020.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Stock market gains N138 billion despite profit taking

The stock market posted positive performance last week despite profit taking by some investors, as it sustained the growth recorded in the previous week.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Stock market declines 2.5% on profit taking

The stock market declined by 2.5 per cent last week following profit taking after weeks of sustained growth. The market, which spiked by 12.9 per cent the previous week, closed lower last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) shedding 2.5 per cent to be at 34,136.82. The market capitalisation closed lower at N17.838 trillion.
The Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Oscar Onyema, has harped on the importance of market data as a fundamental tool for making sound financial decisions.

Oscar Onyema: Market data critical for investment decisions

The Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Oscar Onyema, has harped on the importance of market data as a fundamental tool for making sound financial decisions.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Stock market sustains gains, advances by 0.7 per cent

The Nigerian equities market maintain a positive stance, on Tuesday, as the local bourse inched up by 0.70 per cent.
Newly appointed U.S. Defence Secretary Mark Esper has pressured Japan to participate in a U.S.-led maritime security mission in the Strait of Hormuz.

India, United States set to sign key defence pact on satellite data

United States Secretary of State Mike Pompeo and Defence secretary Mark Esper are holding a dialogue on Tuesday with their Indian counterparts Subrahmanyam Jaishankar and Rajnath Singh aimed at enhancing defence and strategic ties.

Seven persons remanded over alleged kidnap of Oyo cleric’s twin

An Iyaganku Chief Magistrates’ Court sitting in Ibadan on Monday ordered that people allegedly involved in the kidnap of two-year-old twins of an Oyo cleric, be remanded in police custody, pending legal advice.
The Oyo State chapter of the African Democratic Congress (ADC) has reaffirmed support and loyalty to its governorship candidate in the 2019 elections, Senator Olufemi Lanlehin, promising to stand by him in “whatever political decisions he makes.”

Oyo ADC: We’ll stand by Senator Lanlehin in whatever political decision he makes

The Oyo State chapter of the African Democratic Congress (ADC) has reaffirmed support and loyalty to its governorship candidate in the 2019 elections, Senator Olufemi Lanlehin, promising to stand by him in “whatever political decisions he makes.”
Djerassem Le Bemadjiel was arrested on Wednesday after a complaint by a state body that reports directly to strongman Idriss Deby, who has been in power since 1990.

Chad’s former minister arrested for losing $31 million during negotiations

Chad’s former oil minister was in custody on Thursday following his arrest for allegedly stealing public funds, the police and his lawyer said.

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Mexico City rail overpass collapses, killing 15 and injuring 70

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Kebbi State Governor Abubakar Atiku Bagudu

Kebbi governor: Nigerians should seek divine intervention on insecurity

Governor Atiku Bagudu of Kebbi State, has urged Nigerians to seek divine intervention in quelling the insecurity challenge confronting the country.
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.
As Nigeria celebrates her 59th year independence anniversary, Governor Darius Ishaku of Taraba State has said that though the country is 59 years old, it has not matured.

Taraba governor advises Nigerian government on state police

Gov. Darius Ishaku of Taraba has advised the Federal Government to try state police in addressing the security challenges in the country.

Nigerian journalist: Why I returned missing $3,000 to owner

Mr Abdulkadir Shehu, a journalist with Progress FM, a private radio station in Gombe, said he returned the $3,000 dollars he found along the road to its owner, because it would be wrong for him to claim it.

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Playing Enyimba was a good experience for Orlando Pirates youngsters, according to coach Josef Zinnbauer.

Orlando Pirates coach: Enyimba was a good experience for our youngsters

Although their intention was to earn a draw in Nigeria, however, Cyril Olisema’s last-gasp effort handed the South Africans a 1-0 defeat in the last Group A Caf Confederation Cup fixture.
Nigerian fintech company Flutterwave has been listed as a pioneer on TIME’s newly released list of 100 Most Influential Companies making an extra ordinary impact around the world.

TIME lists Flutterwave among 100 most influential companies

Nigerian fintech company Flutterwave has been listed as a pioneer on TIME’s newly released list of 100 Most Influential Companies making an extra ordinary impact around the world.
Akwa Ibom State Governor Udom Emmanuel says it is unsafe to reopen schools in the state in view of the COVID-19 pandemic.

Akwa Ibom governor: Nigerian security situation worrisome

Akwa Ibom State Governor, Mr Udom Emmanuel has decried the high state of insecurity in the country, saying that the country’s economy cannot achieve growth and development without a safe environment for businesses and investments to thrive.
Mr. Olusegun Ogunsanya, has been appointed as the new Chief Executive Officer of Airtel Africa Plc, a provider of telecommunications and mobile money services in 14 countries.

President Buhari: Segun Ogunsanya’s choice as Airtel Africa’s chief hoists Nigeria’s flag again

President Muhammadu Buhari has described the elevation of Mr. Segun Ogunsanya as Managing Director/ Chief Executive Officer of Airtel Africa Plc as another affirmation of Nigeria’s leadership in Africa’s continental matters.
The Peoples Democratic Party (PDP) in Enugu on Monday adopted Gov Ifeanyi Ugwuanyi of Enugu State as the new leader in the South East Zone.

Enugu government raises alarm over sabotage of Digital Industrial Park project

The administration of Governor Ifeanyi Ugwuanyi of Enugu State has raised the alarm over recent efforts by some persons to sabotage the ongoing construction of a Digital Industrial Park (DIP) by the Nigeria Communications Commission (NCC), at the green triangle of the popular Murtala Mohammed Park, beside New Market, in Enugu North Local Government Area of the state.