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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.

IPMAN rejects scrapping of Petroleum Equalisation Fund

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Operators identify factors discouraging foreign investors from stock market

Foreign investors’ low patronage of the Nigerian stock market has been attributed to scarcity of foreign exchange (FX) as well as concerns about the coronavirus pandemic.
FILE PHOTO - GameStop logo is seen in this illustration taken February 2, 2021. REUTERS-Dado Ruvic-Illustration

Regulators to meet as brokers call time on Reddit-trader rollercoaster

Hedge funds, small investors and their stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social-media driven trading frenzy that has roiled stocks and silver prices.
FILE PHOTO - A woman holds a small bottle labeled with a Coronavirus COVID-19 Vaccine sticker and a medical syringe in front of displayed UK flag in this illustration taken, October 30, 2020. REUTERS-Dado Ruvic

Calastone: Vaccine hopes inject new life into UK-based fund flows

However, funds with a UK focus did badly as investors feared Brexit without a trade deal, a situation averted only in late December. Funds investing in UK assets saw 600 million pounds in outflows in the last quarter, although inflows for the year as a whole totalled 117 million pounds.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Investors gain N1.3 trillion as stock market rises to N19 trillion

The continued flow of funds into the stock market on the back of investors’ continued search for attractive returns pushed the market capitalisation from N17.092 trillion to N19.236 trillion, while the Nigerian Stock Exchange (NSE) All-Share Index (ASI), rose from 34,250.74 to 36,804.75 or 7.46 per cent, which are new highs.
Bitcoin can baffle even bigger-fish investors [Dado Ruvic-Reuters]

Rollercoaster: Bitcoiners who missed rally feel relief and regret

Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February.

Women in finance must ask for promotion, unlike men – survey

Far fewer women than men are promoted in the finance industry unless they first ask for seniority, a sign of institutional gender bias, according to a new study in Australia.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigerian government seeks bankers’ partnership to ravamp economy

The Federal Government is seeking the partnership of the banking sector in its efforts to revamp the ailing economy occasioned by the outbreak of the coronavirus pandemic.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE upgrades data portal to improve market access

The Nigerian Stock Exchange (NSE) on Monday announced the upgrade of its Data Portal (X-DataPortal) to revamp and improve market accessibility for subscribers.
Nigerian Stock Exchange NSE

Stock market gains N77 billion on renewed bargain hunting

Local equities rebounded on resumed bargain hunting activities, overall performance measures, NSE All Share Index (ASI) grew by 0.68 per cent, halting the previous day’s loss.

Stakeholders unveil strategies to deepen Nigeria’s debt market

Critical steps required to deepen Nigeria’s debt market was the focus of discourse in Lagos as the Annual Bonds, Loans and Sukuk Nigeria Conference was held in the Nigerian commercial capital on November 6, 2018 at the Eko Convention Centre.

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A Federal High Court has ordered Senator Ali Ndume to be remanded at Kuje Correctional Centre for failing to produce the former Chairman of the defunct Pension Task Team, Abdulrasheed Maina.

Senator Ndume: Boko Haram stole military arms

Amid renewed attacks by terrorists in the North-East, the Chairman of the Senate Committee on Army, Senator Ali Ndume (APC, Borno South), says the bulk of the arms Boko Haram Islamist group is using to terrorize the region, particularly his native Borno State, were stolen from the military and other security forces.

Ex-COAS tasks governments to fight insecurity as they fought coronavirus

Former Chief of Army Staff, Lt. General Azubuike Ihejirika has urged the federal and state governments as well as Nigerians to fight insecurity in the way they fought Covid-19 and won the battle.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Gunmen set ablaze police station in Abia

Unknown gunmen on Monday, attacked and razed down the Apumiri Ubakala Police Station in Umuahia South Local Government Area of Abia State
Akwa United defender, David Phillip, has dedicated his first career goal to God and his wife.

Akwa United overpower neighbors Dakkada to extends their unbeaten run

Akwa United retains their lead on the 2020/2021 Nigeria Professional Football League with a 0-2 away win over neighbours Dakkada FC on Match-day 21 at the Godswill Akpabio International Stadium in Uyo.
The temporary suspension will be imposed from May 19 to June 18, Health Minister Chen Shih-Chung told a news conference on Monday.

Taiwan bars entry to non-nationals after coronavirus spike sparks

Taiwan says it is banning the entry of non-nationals without a resident permit and the transit of international airport passengers.

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2. Super Eagles forwars Victor Osimhen was unstoppable with two goals and an assist as Napoli flattened Spezia 4-1 away from home on Saturday, but lost Dries Mertens to injury.

Serie A: Victor Osimhen will become top scorer next season – agent

Victor Osimhen’s agent William D’Avila has tipped the forward to emerge as the leading marksman in the Serie A next season.
Some youth agitating for a Yoruba nation have stormed Osogbo, the capital of Osun State, calling for the breakaway of the ethnic group from Nigeria.

Pro-Yoruba nation protesters ground activities in Osun

Some youth agitating for a Yoruba nation have stormed Osogbo, the capital of Osun State, calling for the breakaway of the ethnic group from Nigeria.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Eid-el-Fitr: Police deploy 4,500 personnel in Nasarawa

The Police Command in Nasarawa says it has deployed 4,500 personnel to ensure hitch-free Eid-el-Fitr celebrations.
FILE PHOTO- Taiwan Foreign Ministry Spokeswoman Joanne Ou speaks at a news conference in Taipei, Taiwan, February 11, 2020. REUTERS-Ben Blanchard

Taiwan says China is ‘maliciously’ blocking it from WHO

Taiwan accused China on Tuesday of “maliciously” blocking its access to the World Health Organization (WHO) and putting politics above people’s well-being, after Beijing signalled it would not allow the island to attend a major WHO meeting.

Bauchi agency relocates 298 ‘illegal’ traders

Bauchi State Government has ordered the immediate relocation of 298 ‘illegal’ traders from the central market, which has modern lock-up shops, as part of the state security measures.