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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.

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Maltese authorities have seized counterfeit Libyan money worth $1.1 billion that was printed by a Russian firm and worsen the north African country’s economic problems, the US State Department said.

US: Malta seizes $1 billion in counterfeit Libyan money

Maltese authorities have seized counterfeit Libyan money worth $1.1 billion that was printed by a Russian firm and worsen the north African country’s economic problems, the US State Department said.
Sudan has summoned the Ethiopian embassy's chargé d'affaires over a border attack by suspected Ethiopian rebel fighters that killed and wounded several Sudanese army personnel and civilians, Khartoum said in a statement on Saturday.

Sudan summons Ethiopia envoy over deadly cross-border attack

Sudan has summoned the Ethiopian embassy's chargé d'affaires over a border attack by suspected Ethiopian rebel fighters that killed and wounded several Sudanese army personnel and civilians, Khartoum said in a statement on Saturday.

Thirteen killed in Katsina bandit attacks

Thirteen people died on Friday when villagers fought back against armed cattle thieves in Katsina State where rustling has been on the increase.
Dr. Dominic Ukpong, Hon. Commissioner Ministry of Health

Akwa Ibom discharges two coronavirus patients

The State Commissioner for Health, Dr. Dominic Ukpong, who announced this on Saturday said those discharged have been certified negative by the Nigeria Centre for Disease Control, bringing to 16, the total of those treated and discharged of the viral infection since the first set of cases were recorded on April 1, 2020.

Lagos to decamp pipeline explosion victims from relief camp

Dr Olufemi Oke-Osanyintolu, the Director-General of the Lagos State Emergency Management Agency (LASEMA), disclosed this in an interview with newsmen in Lagos on Saturday.