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The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX records N419 billion growth in April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.

MAN, LCCI others blame recession on coronavirus, #EndSARS crisis

Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
#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

Nigeria stock market capitalisation drops further by N656 billion

Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
Nigerian Stock Exchange NSE

Stakeholders hail NSE on demutualisation, list benefits

Capital market stakeholders have hailed the final approval given by members of the Nigerian Stock Exchange (NSE) to demutualise the exchange to become a profit-making and limited liability company, saying it will benefit the market and the economy.
They said this in separate interviews with newsmen in Lagos while reacting to the appointment of Mr. Muhammad Nami as the new FIRS chairman.

Operators task new FIRS boss on VAT, withholding tax on capital market

Capital market operators on Tuesday urged the new Federal Inland Revenue Service (FIRS) chairman to ensure the removal of Value Added Tax on capital market transactions to boost investment in the country.
Nigerian Stock Exchange NSE

Financial experts attribute Nigeria stock market lull to economic dislocations

Some financial experts on Monday attributed the incessant lull on the Nigerian Stock Exchange (NSE) to various economic dislocations in the country.
The All Progressives Congress, APC, has challenged newly sworn in ministers to justify the confidence reposed in them by President Muhammadu Buhari and all Nigerians, by settling down to work quickly, hit the ground running and consolidate on the progress that have been made in the various sectors.

Capital market operators task new ministers on recession

Some capital market operators on Thursday said there was the need for the new ministers to commence work without delay to revive the nation’s economy to avoid another round of recession.

NDIC explains factors that led to liquidation of Fortis MfB

The Nigeria Deposit Insurance Corporation, NDIC, said that decision to liquidate the defunct Fortis Microfinance Bank was taken after efforts to resuscitate the bank proved abortive.
election inec nigeria

Election rescheduling’ll affect inflow of foreign investments – experts

Financial experts on Saturday said the hasty postponement of the general elections by the Independent National Electoral Commission would create uncertainty and affect inflow of foreign investments.
Nigeria’s Minister of Finance, Zainab Ahmed on Wednesday debunked claims that the Federal Government was planning to reduce the number of children that a mother could have in Nigeria.

2019 Budget: Federal government to Release New Set Of Taxes, Excise Duties

Zainab Ahmed, Minister of Finance, said on Thursday that the Federal Government will be releasing new revenue initiatives which will include a new set of taxes and excise duties.
Skye Bank

Investors react to central bank’s takeover of Skye Bank

Shareholders and financial experts have expressed mixed reactions over the decision of the Central Bank of Nigeria, CBN, to revoke the licence of Skye Bank.
Nigeria Stock Exchange

Investors on Nigerian bourse lose N2.49 trn in 7 months

Investors on the Nigerian Stock Exchange (NSE) lost N2.49 trillion or 15.64 per cent between January and July, a development experts attribute to the political uncertainty in the country.

SEC tasks MTN Group on filing of IPO application for NSE listing

The Securities and Exchange Commission (SEC), on Friday tasked MTN Group on official filing of Initial Public Offering (IPO) which gathered media momentum in the last couple of months.

NSE suspends trading in shares of Royal Exchange, Cornerstone, STACO, others

The Nigerian Stock Exchange (NSE) has suspended trading in the shares of seven insurance companies and RT Briscoe for not submitting their 2017 audited accounts and statements.

Capital market operators laud federal government, call for more infrastructure development

Capital market operators on Tuesday urged the Federal Government to focus more on infrastructure development to boost local employment and consolidate the achievements of the past three years.

NSE: Oando leads seven other coys with 52.75 percent growth in April

Oando Plc and seven other companies outperformed stocks on the Nigerian Stock Exchange (NSE) in April to emerge as top performing equities in percentage terms.

Financial experts tie MPR review to 2018 budget approval

Financial experts on Thursday expressed optimism that the Monetary Policy Committee (MPC) would review the interest rate at its subsequent meetings when the 2018 budget would have been passed.

MPC: Financial experts seek interest rate of 13 percent

Some financial experts on Monday expressed optimism that the Monetary Policy Committee (MPC) would ensure ease the Monetary Policy Rate (MPR) at its first 2018 meeting slated for April 3 and April 4.

NSE All-Share Index crosses 39,000 mark

Nigerian Stock Exchange (NSE) All-Share Index on Wednesday crossed 39,000 mark just after the 38,000 mark on Tuesday.

NSE All-Share Index will grow by 40% in 2017 – operators

Some capital market operators on Monday predicted that the Nigerian Stock Exchange (NSE) All-Share Index would likely close 2017 with over 40 per cent growth.

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Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.

VP Osinbajo to represent Nigeria at Ugandan presidential inauguration

Vice President Yemi Osinbajo will represent Nigeria at the sixth inauguration of President Yoweri Museveni of Uganda.
Lagos State Governor, Babajide Sanwo-Olu, has approved the resumption of all Public Servants on GL 1 -12 with effect from Monday, November 2, 2020.

Lagos recovers N50 million over fraudulent real estate activities

The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities.
The Deputy Governor, Dr Manassah Daniel Jatau, stated this when the Nigerian Governors’ Forum (NGF) rose from its meeting on Wednesday at the NGF Secretariat in Abuja.

Gombe eyes World Bank loan to address erosion at Federal College

The state’s Deputy Governor, Manassah Jatau, made the declaration in Gombe on Tuesday when a Presidential Visitation Panel, led by Prof. Kenneth Okiongbo, visited the school.
In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Bauchi traffic agency to enforce ban on commercial motorcyclists – chairman

The Bauchi State Road Traffic Agency (BAROTA), on Tuesday, reiterated that activities of commercial motorcycle riders, popularly known as ‘Okada’ or ‘Achaba’, remained banned in the state.

South Sudan faces its worst food security crisis as humanitarian aid dwindles

An African regional organisation said about 60 per cent of people from South Sudan are facing “their worst food security” and nutrition crisis since the country became independent a decade ago.

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African Union hails US for ‘remarkable’ leadership on vaccine waiver

The Africa Union's health watchdog on Thursday praised the United States' support for a waiver on patent protections for Covid-19 vaccines as a "remarkable expression of leadership".
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate pledges support for service chiefs to tackle insecurity

The Senate yesterday assured the Chief of Defence Staff (CDS), General Lucky Irabor, the service chiefs, Acting Inspector-General of Police (IG), Mr. Alkali Usman, and heads of intelligence agencies, of its readiness to ensure that they have all they need to tackle the worsening insecurity in the country.
A man suffering from coronavirus disease (COVID-19) receives treatment as a Syringe Infusion Pump, donated by France is seen next to his bed, inside the emergency room of Safdarjung Hospital in New Delhi, India, May 7, 2021. REUTERS-Adnan Abidi

Indian premier under pressure to impose coronavirus lockdown

Due to the current Covid-19 upsurge in India, Prime Minister Narendra Modi is currently under pressure to impose a lockdown in the country.
8. Minister of State, Budget and National Planning, Prince Clem Agba

Nigerian government appoints new coordinator for NG-CARES support unit

The Federal Government has appointed Dr Abdulkarim Obaje, as the National Coordinator, Federal CARES Support Unit, Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES).
David Moyes fears West Ham’s slim hopes of Champions League football could be affected further by Manchester United forced to field weakened teams.

David Moyes lashes out at Premier League chiefs over Manchester United decision

The Hammers boss – whose men were beaten by Everton – has called on the Premier League to explain the questions surrounding the integrity of the competition being affected with United’s 3-1 win at Aston Villa their first of three games in five games.