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Ogun: Truck crushes two motorcycle riders to death

Two motorcyclists were on Friday night crushed to death in an accident involving two motorcycles and a Leyland truck opposite Forte Oil filling station around Kotopo on the Abeokuta-Ibadan road.

SON arraigns two for adulterating engine oil

The Federal High Court in Lagos yesterday ordered the remand of two businessmen, Vanger Luper and Bright Ogbuagu, at the correctional centre in Ikoyi for allegedly adulterating automobile engine oil.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Market indices close upbeat with 1.24 per cent growth

The Nigerian Stock Exchange (NSE) rebounded on Tuesday with a growth of 1.24 per cent, after a loss of over N200 billion in the preceding trading session.
A Nigerian businessman and billionaire, Femi Otedola, has disclosed plans to shift his focus to power generation.

Coronavirus: Femi Otedola fulfills pledge of N1 billion donation

Days after pledging to support the fight against Coronavirus in Nigeria, Nigerian billionaire, philanthropist, and former chairman of Forte Oil PLC, Femi Otedola has redeemed his pledge.
Nigerian Stock Exchange NSE

NSE: Market capitalisation loses N9 billion on persistent profit taking

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday depreciated further by N9 billion, amid profit taking.

Fuel scarcity hits Badagry as NUPENG suspends supply

Mr Idowu Jimoh, an official of the Public Complaint Commission (PCC), urged the Department of Petroleum Resources (DPR) to extend its visit to Badagry so as to check selling of petrol into jerrycans which was rampant in the area.
Nigerian Stock Exchange NSE

NSE opens February trading with N160 billion loss

In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak.
Nigerian Stock Exchange NSE

NSE records first loss in 2020

The Nigerian Stock Exchange posted the first loss in 2020, dropping by 1.18 percent after 11 days of a consecutive uptrend.
Nigerian Stock Exchange NSE

NSE market capitalisation loses N130 billion in six hours

The Nigerian Stock Exchange market capitalisation on Wednesday shed N130 billion in about six hours of trading.

Federal government begins clampdown on illegal gas plants, roadside LPG retailers

The Federal Government has begun a clampdown on illegal gas plants and roadside retailers of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, an official said.
Nigerian Stock Exchange NSE

NSE: Investors react positively to ministers’ inauguration, assignment

Investors on the Nigerian Stock Exchange (NSE) on Wednesday reacted positively to the inauguration and assignment of ministers to various portfolios by President Muhammadu Buhari.
Nigerian Stock Exchange NSE

NSE: International Breweries, Linkage Assurance, Forte Oil emerge worst performing stocks in July

International Breweries (IB), Linkage Assurance and Forte Oil emerged worst performing stocks in percentage terms on the Nigerian Stock Exchange (NSE) in July.
Nigerian Stock Exchange NSE

NSE market capitalisation bows to sell pressure, down by N69 billion

Activities on the Nigerian Stock Exchange (NSE) returned to bearish mood on Tuesday following sell pressure in blue chips, forcing the market capitalisation to drop by N69 billion.

Delta women protest against oil firm

The women of Sapele Okpe Community and Sapele Okpe Community Land Trust Association, Delta State, have grounded activities at Forte Oil Nigeria Limited, Sapele branch over what they called “non-payment of entitlements owed the community’s Land Trust Association.”

DPR sanctions 11 petrol stations in Delta

The Warri Zonal Office of the Department of Petroleum Resources (DPR) has sanctioned 11 petrol stations and two gas plants in Delta in two separate operations.
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.

DPR sanctions 33 filling stations in Rivers

No fewer than 33 filling stations in Port Harcourt, Rivers State, have been closed by officials of the Department of Petroleum Resources (DPR) for alleged sharp practices.

Airtel Africa’s shares drop by 9.99 per cent

Airtel Africa shares dropped by 9.99 per cent on the Nigerian Stock Exchange (NSE) a day after listing, forcing the market indices to close on negative region.

Forte Oil shareholders task new management on sustainable dividends

Some shareholders of Forte Oil (FO) Plc on Tuesday tasked the new management of the company on continuous payment of dividend and adherence to good corporate governance.
A Nigerian businessman and billionaire, Femi Otedola, has disclosed plans to shift his focus to power generation.

Femi Otedola to invest $1 billion in Geregu power plant

A Nigerian businessman and billionaire, Femi Otedola, has disclosed plans to shift his focus to power generation.
Femi Otedola

Femi Otedola sells off stake in Forte Oil

Business mogul Femi Otedola has sold off his 75 per cent stake in Forte Oil.

NSE: Market capitalisation loses N302 billion

Trading on the Nigerian equities market opened for the week on Monday with a loss of 2.22 per cent, following declining investors’ appetite on MTN Nigeria Communications shares.

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DR Congo announces ‘state of siege’ in two provinces

The Democratic Republic of Congo announced a "state of siege" late Friday in two provinces in the east of the country wracked by violence from armed groups and civilian massacres.
The management of Edo University, Iyamho, has announced the commencement of activities marking the 2nd graduation ceremony of the University.

Edo University gets MBBS clinical accreditation

The Medical and Dental Council of Nigeria (MDCN), has approved clinical accreditation for the Bachelor of Medicine; Bachelor of Medicine (MBBS) programme for Edo State University, Uzairue.
Nollywood actress Biodun Okeowo has vowed to lay curses on her colleague, Olanrewaju Omiyinka, aka Baba Ijesha if he is found guilty of paedophilia.

Mr Latin: Why TAMPPAN cannot ban Baba Ijesha

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The highly infectious variant of the novel coronavirus that is predominant in the United Kingdom may be up to 70 percent more deadly than previous strains, according to a report by the government’s scientific advisers.

WHO: Risk of coronavirus resurgence remains high in Africa

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The Minister of Power, Engineer Sale Mamman has apologised to Nigerians over the recent power outage experienced across the country.

Minister: No electricity tariff increase

The Minister of Power, Engr. Sale Mamman, has dismissed rumours of a major hike in electricity tariff, clarifying there is no plan to significantly raise tariff.

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Traditionalist: Governors, monarchs need ‘big sacrifices’ to curb insecurity in Yorubaland

Governors and traditional rulers in the southwest have been called upon to make sacrifices to ward off invaders that have the intention of disrupting the peace and harmony in Yorubaland.
A torchlight procession in Yerevan on Friday to mark the 106th anniversary of the massacres in which about 1.5 million ethnic Armenians were killed during World War I.Karen Minasyan/Agence France-Presse — Getty Images

Joe Biden declares mass killings of Armenians a genocide

President Biden on Saturday recognized the mass killings of Armenians more than a century ago as genocide, signaling a willingness to test an increasingly frayed relationship with Turkey, long a key regional ally and an important partner within NATO.
Juventus head coach Andrea Pirlo has stressed the importance of signing a striker ahead of the new Serie A campaign.

Juventus boss: UEFA sanction over Super League don’t scare us

Juventus coach Andrea Pirlo insisted on Saturday that his team did not fear UEFA sanctions over the failed Super League project, designed to supplant the Champions League.
President Muhammadu Buhari has arrived the Nnamdi Azikiwe International Airport, Abuja after a 17-day medical trip to London, the United Kingdom.

APC: President Buhari will deal with terrorists, criminal gangs

The All Progressives Congress APC Advocates Forum has weighed in on the controversy surrounding past extremist views held by the Minister of Communications and Digital Economy, Sheikh Isa Ali Pantami, saying like the biblical Apostle Paul who got converted on his way to Damascus, the minister should be judged based on his track record of service and not his past.

Nigerian Breweries shareholders approve N7.5 billion dividend payout

Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewer has approved the dividend payout of N7.52 billion for the 2020 financial year. The approval was given at the 75th Annual General Meeting of the company held at MUSON Centre in Lagos on Thursday, April 22, 2021, even as the company assured the shareholders of its commitment to continually improve the return on their investments.