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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.
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.
Nigeria Stock Exchange

Equities market sheds 2.4% as investors ignore corporate earnings

Despite the release of corporate earnings by many companies, the Nigerian equities market closed last week downtick following profit taking in bellwether stocks.
Nigeria Stock Exchange

Market downturn: Political uncertainty affecting investors’ confidence – expert

A capital market expert, Prof. Uche Uwaleke, on Monday urged Securities and Exchange Commission (SEC), and the Nigerian Stock Exchange (NSE) to ensure effective regulations to strengthen investors’ confidence in the equities.

Financial experts tie stock market performance to September inflation data

Some financial experts on Monday said that the Nigerian Stock Exchange (NSE) performance this week would be determined by third quarter results and September inflation report anticipation.

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Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.

VP Osinbajo to represent Nigeria at Ugandan presidential inauguration

Vice President Yemi Osinbajo will represent Nigeria at the sixth inauguration of President Yoweri Museveni of Uganda.
Lagos State Governor, Babajide Sanwo-Olu, has approved the resumption of all Public Servants on GL 1 -12 with effect from Monday, November 2, 2020.

Lagos recovers N50 million over fraudulent real estate activities

The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities.
The Deputy Governor, Dr Manassah Daniel Jatau, stated this when the Nigerian Governors’ Forum (NGF) rose from its meeting on Wednesday at the NGF Secretariat in Abuja.

Gombe eyes World Bank loan to address erosion at Federal College

The state’s Deputy Governor, Manassah Jatau, made the declaration in Gombe on Tuesday when a Presidential Visitation Panel, led by Prof. Kenneth Okiongbo, visited the school.
In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Bauchi traffic agency to enforce ban on commercial motorcyclists – chairman

The Bauchi State Road Traffic Agency (BAROTA), on Tuesday, reiterated that activities of commercial motorcycle riders, popularly known as ‘Okada’ or ‘Achaba’, remained banned in the state.

South Sudan faces its worst food security crisis as humanitarian aid dwindles

An African regional organisation said about 60 per cent of people from South Sudan are facing “their worst food security” and nutrition crisis since the country became independent a decade ago.

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Woman ride bikes on a street, following the outbreak of the coronavirus disease (COVID-19), in Shanghai, China May 10, 2021. REUTERS-Aly Song

China demographic crisis looms as population growth slips to lowest ever

China’s population grew at its slowest since the 1950s as births declined, sowing doubt over Beijing’s ability to power its economy as it succumbs to the same ageing trends afflicting developed nations like Japan.
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 schools need more male teachers – stakeholders

Professionals in the education sector in Enugu have bemoaned the low number of male teachers in schools across the state.
Governor Nasir El-Rufai of Kaduna State has said the southeast cannot get the presidency by “threats or by shouting victimhood”.

Kaduna governor: Southeast cannot get presidency by secession threats

Governor Nasir El-Rufai of Kaduna State has said the southeast cannot get the presidency by “threats or by shouting victimhood”.

Official: 148 IDPs may miss 2021 UTME over SIM card issues

About 148 internally displaced persons at International Christian Centre in Ohogua, Ovia North East Local Government Area, Edo, may miss 2021/2022 UTME due to SIM card issues.
From 4.00 a.m. on Saturday (0300 GMT), anyone arriving from France, the Netherlands, Monaco, Malta, Turks and Caicos, and Aruba will have to self-isolate for 14 days, Transport Secretary, Grant Shapps, tweeted.

UK ‘open’ to hosting Champions League final due to Turkey travel ban

Britain on Friday said it was willing to step in to host the Champions League football final, after the UK government placed Turkey on a coronavirus travel red list.