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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.
Nigerian Stock Exchange NSE

Equities market sheds 1.22 percent on sustained profit taking

The Nigerian equities market yesterday shed 1.22 per cent, causing market capitalisation to dip below the N11 trillion mark on sustained profit taking.
Femi Otedola

Majority shareholders of Forte Oil approve sale of power unit to Otedola

Majority shareholders of Forte Oil PLC have approved plans by Nigerian oil mogul, Mr Femi Otedola, to acquire the power subsidiary of the company
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: Activities resume northward, indices up by 0.35 per cent

Activities on the Nigerian Stock Exchange opened for the week northward on Monday appreciating by 0.35 per cent with 16 price gainers and 20 losers.

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Protest rocks Yenagoa as flood sweeps away two siblings

Protest on Sunday rocked Yenagoa, Bayelsa State capital, over the death of two brothers at Agudama area while trying to cross the flooded Epie Creek that stretched from Igbogene to Yenagoa.
Shanghai Shenhua forward. Odion Ighalo, has scored his first goal in the Chinese Super League since May when he left to represent Nigeria at 2019 Africa Cup of Nations.

Odion Ighalo keeps Shanghai alive in China

Shanghai Shenhua forward Odion Ighalo has scored his first goal in the Chinese Super League since May when he left to represent Nigeria at 2019 Africa Cup of Nations.

Kogi West elders endorse Governor Bello’s second term bid

Some leaders from the Kogi West Senatorial district have declared supporting Governor Yahaya Bello’s second term bid will better position the zone for the governorship position in 2023.

Purveyors of hate speech should not expect rest – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, says no amount of attacks, sponsored or otherwise, will stop the implementation of approved recommendations on reform of broadcasting code.

No Nigerian bank is distressed – central bank chief

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, yesterday, allayed fears on speculations of alleged insolvency in about seven banks following their failure to scale through a recent stressed conducted by industry regulators.