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Dangote Cement records higher volumes, operating efficiency

The company, in its audited results for 2020 released on the Nigerian Stock Exchange (NSE), reported a 37.7 per cent year-on-year (YoY) growth in profit after tax to N276.1 billion. Earnings were notably bolstered by stellar revenue growth, improved operating efficiency and lowered net finance expense.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Criticisms trail central bank’s policy as naira weakens

The Naira depreciated by 1.04 per cent to N485 per dollar as the new Central Bank of Nigeria’s (CBN’s) Naira for Dollar Scheme failed to incentivise the foreign exchange (forex) market.
#EndSARS protests

#EndSARS: Economy loses N54 billion daily under curfew – bank

At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.
Nigerian Stock Exchange NSE

NSE may trigger circuit breaker to check stock market plunge

There are indications that the Nigerian Stock Exchange (NSE) may trigger its index circuit breaker if the stock market continues to plunge, in order to protect investors.

Excess liquidity to persist as N1.7 trillion inflow hit interbank market

The surfeit of excess liquidity in the interbank money market will persist this week courtesy of inflow of about N1.7 trillion.
Nigerian Stock Exchange NSE

Pressure on equities as investors lose N200 billion

Sustained sell-offs in highly capitalised stocks trading on the floor of the Nigerian Stock Exchange (NSE) was the theme this week as investors lost a total of N200 billion Week-on-Week.
Nigerian Stock Exchange NSE

Mixed corporate earnings push NSE ASI down 1.8%

Nigeria’s equity market stretched its bearish run as the benchmark index closed lower by 1.8 per cent Week-on-Week (W-o-W) at 29,918.59 points, hitting over two-year lows as corporate earnings season opened.
Nigerian Stock Exchange NSE

NSE All-Share Index hits 52-week low on continuing bear run

The Nigerian Stock Exchange (NSE) All-Share Index hit a 52-week low yesterday, falling by 1.53 per cent to close at 29,162.24, while market capitalisation shed N170 billion to close at N10.953 trillion.
Nigerian Stock Exchange NSE

Stocks market gains 1.98%, returns YTD performance back to positive

The Nigerian stocks market yesterday posted a gain of 1.98 per cent, its best performance so far in 2019, to further extend bullish trend to five consecutive trading days and return the year-to-date (YTD) performance to positive after seven months of being negative.
Nigerian Stock Exchange NSE

NSE: Bears on rampage, market capitalisation loses N136bn

The bears at the Nigerian Stock Exchange (NSE) continued to dominate trading for the fifth trading days in 2019 with the crucial market indicators declining further by 1.20 per cent.

Naira in circulation drops by 5.6% to N1.77trn – Central bank

The Central Bank of Nigeria (CBN) has disclosed that Naira currency in circulation dropped by 5.6 per cent to N1.77 trillion in July 2017.

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FILE PHOTO: A ranger walks behind a pair of black rhinoceros at the Imire Rhino and Wildlife Conservation Park near Marondera, east of the capital Harare, September 22, 2014. The population of the species has dwindled due to poaching activities. REUTERS/Philimon Bulawayo/File Photo

Zimbabwe re-introduces rhinos in Gonarezhou park after three decades

Zimbabwe is re-introducing rhinos to its second biggest wildlife park Gonarezhou in the south of the country, the first time that the sanctuary will be home to the species in 30 years, the parks authority said on Thursday.

Britain sanctions Libyan al-Kaniyat militia and its leaders – statement

Britain on Thursday imposed sanctions against Libya’s Kaniyat militia, saying those who breached international law in Libya would have to face consequences.
National Emergency Management Agency NEMA

Banditry: NEMA commences distribution of relief material to 24,925 households in Niger

Following the havoc bandits have wreaked on many communities in Niger State, the National Emergency Management Agency (NEMA) Thursday said that it has commenced direct distribution of relief materials to 24,925 household of displaced persons affected by banditry in the state.
Pro-Palestinian demonstrators run past tear gas lobbed by riot policemen to disperse them during a protest following a flare-up of Israeli-Palestinian violence, in Nairobi, Kenya May 13, 2021. REUTERS-Monicah Mwangi

Kenyan police disperse protesters demonstrating against Israeli attacks on Gaza

Police fired teargas to disperse a crowd of more than 200 people protesting in Kenya's capital Nairobi on Thursday against the Israeli bombing of the Palestinian territory of Gaza.
The Phone and Allied Products Dealers Association of Nigeria (PAPDAN) has said that the Computer Village in Ikeja, Lagos, creates no fewer than 8000 job opportunities for Nigerian youths.

PAPDAN: Over 8,000 employed in Lagos computer village

The Phone and Allied Products Dealers Association of Nigeria (PAPDAN) has said that the Computer Village in Ikeja, Lagos, creates no fewer than 8000 job opportunities for Nigerian youths.

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People dance at the Barcelona beach, as the state of alarm decreed by the Spanish Government to prevent the spread of the coronavirus disease (COVID-19) is due to end on Sunday, in Barcelona, Spain, May 8, 2021. Picture taken May, 8, 2021. REUTERS/Nacho Doce

‘Freedom’ fiestas: Spaniards celebrate end of coronavirus curfew

Exhilarated Spaniards danced in streets, chanted “freedom” and partied on beaches overnight as a COVID-19 curfew ended across most of the nation.
Ole Gunnar Solskjaer would love to go full throttle against Leicester but says it is “impossible” as he needs to make changes to balance player welfare and priorities at the midway point of Manchester United’s five-day triple-header.

Manchester United boss blames tight fixtures for defeat vs Leicester

Manchester United manager, Ole Gunnar Solskjaer, has attributed his team’s 2-1 defeat to Leicester City in the Premier League at the Old Trafford on Tuesday night to the tight games schedule which is ‘impossible for the players’.
The State Acting Commissioner for Agriculture, Ms Abisola Olusanya, in a statement on Sunday said that planting of fruit trees in schools was also to encourage students to become healthy, productive and maintain a sound environment.

Official: Lagos food production centres to boost self-sufficiency

The Lagos State Government says its two upgraded Food Production Centres at Badagry and Araga, would help boost the state’s food self-sufficiency status while reducing its dependence on other states for food.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank signs $500 million infrastructure project for Congo’s capital

The World Bank on Wednesday signed a $500 million infrastructure project with Democratic Republic of Congo to improve roads, mitigate flood risks, fight erosion and develop public spaces across the capital Kinshasa.
Everton boss Carlo Ancelotti on Friday confirmed that midfielder James Rodriguez will miss the next two games for the side.

Everton boss insists James Rodriguez will improve next season

James, 29, has dropped off in form following a great start to his Goodison career with three goals in six games after a highly-publicised move from Real Madrid.