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The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC docks man for N33.5 million forex scam in Uyo

The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Wednesday, May 27, 2020, arraigned one Okoro Chukwudi Goodluck before Justice Charles Ikpe of the State High Court, sitting in Uyo, Akwa Ibom State, on a seven-count charge bordering on conspiracy, obtaining by false pretence and stealing to the tune of N33,560,000 (Thirty-three Million, Five Hundred and Sixty Thousand Naira).
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Trading resumes after Eid-el-Fitr celebration with 0.07% growth

The Nigerian Stock Exchange (NSE) reopened trading on Wednesday after the public holidays to mark the Eid-el-Fitr celebration with a marginal growth of 0.07 per cent.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE market capitalisation rises further by N130 billion

Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Transactions remain upbeat on NSE, indices up 1.09 per cent

The nation’s bourse maintained a bullish mood on Tuesday with the key performance indices increasing further by 1.09 per cent on gains by some blue chips.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market indices record first week loss of 1.27 per cent

The Nigerian Stock Exchange (NSE) on Friday recorded first week loss with the market indicators dropping 1.27 per cent due to profit taking.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock indices grow by 0.30 per cent on first trading day in May

The Nigerian Stock Exchange (NSE) resumed trading for the month of May with an increase of 0.30 per cent just as the country eases lockdown.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank, bankers committee suspend planned lay-offs in banks

The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market capitalisation gains N80 billion on last trading day of April

The Nigerian Stock Exchange (NSE) market capitalisation on Thursday closed the last day of April with N80 billion gain, following sustained demand for blue chips.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock trading remains upbeat, market capitalisation up N58 billion

The Nigerian Stock Exchange (NSE) recorded a bullish performance on Tuesday with the market capitalisation improving by N58 billion following gains in high capitalised stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market capitalisation loses N152 billion

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks.
Dangote Group founder Aliko Dangote

Coalition set to distribute food items to 1.7 million vulnerable people in 774 local...

The private sector-led Coalition Against COVID-19 (CACOVID-19) has concluded plans to distribute food items to at least 1.7 million vulnerable people in Nigeria to complement governments’ effort s in cushioning the economic consequences of the coronavirus pandemic in the country.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market indicators resume week with 0.01 per cent loss

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent.Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent.

Lockdown: Ogun residents besiege banks, ignore social distancing directive

Ahead of the suspension of the lockdown relaxation window which holds every 7 am to 2 pm every-other-day in Ogun State, residents of Sango-Ota and Ijoko on Wednesday besieged many commercial banks along the Lagos-Abeokuta expressway in Sango, flouting the social distancing directive put in place to curb the spread of the Covid-19 pandemic.
Following the arrival of the 15-member Chinese medical team, the Nigerian Medical Association (NMA) and the National Association of Resident Doctors of Nigeria (NARD) have declared they will not allow the Chinese attend or touch any patient.

NMA calls for thorough screening of visiting Chinese medical team

The Nigerian Medical Association (NMA), has called for a thorough screening of the visiting Chinese medical team by the Medical and Dental Council of Nigeria (MDCN), and other relevant regulatory bodies.

NMA warns Nigerian health workers to be wary of protective equipments from China

The Nigerian Medical Association, NMA, on Thursday, reaffirmed its position concerning the arrival of Chinese experts in Nigeria, calling on health professionals in Nigeria to be wary of what they described as ‘uncertified Personal Protective Equipment’, PPE, from China.

NMA: We still reject arrival of Chinese medical practitioners

The Nigerian Medical Association, NMA, has said it was still opposed to the arrival of the Chinese medical experts in the country to help combat novel coronavirus.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Market capitalisation rises by N77 billion

The Nigerian equities market maintained upward trend on Wednesday with the market capitalisation growing further by N77 billion following renewed interest in high capitalised stocks.
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.

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Legendary reggae artiste, Majekodunmi Fasheke, aka Majek Fashek is dead. The artiste died in a New York hospital after a protracted illness on Monday about 5-45pm. He was aged 71.

Nigerian celebrities mourn deceased Majek Fashek

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Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.

Rwanda set to announce new coronavirus restrictions

Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
President Muhammadu Buhari has again, addressed Nigerians on the efforts of its government to contain the coronavirus pandemic (covid-19) that is ravaging the country 4

ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

Alliance for Surviv­ing COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Mu­hammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion con­tradicts the figures earlier released by his own officials.