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Delivering her opening remark at the event, Nneka Onyeali-Ikpe, managing director and chief executive officer of Fidelity Bank, said diaspora remittances is the new oil of Nigeria.

Nigerian bank urges nationals abroad to invest in real estate, capital markets

Richard Madiebo, acting chief digital officer at Fidelity Bank, said this during the bank’s inaugural edition of its diaspora webinar series on Saturday.
FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July.

FMDQ Exchange admits Parthian Partners N20 billion commercial paper

The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme to its platform.
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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian government raises N2.36 trillion from capital market in 2020 – NSE chief

The Federal Government dominated capital raising at the fixed income segment of the Nigerian Stock Exchange (NSE) in 2020, raising over N2.36 trillion.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock exchange resumes 2021 with N459 billion growth

The Nigerian Stock Exchange (NSE) resumed trading in 2021 on a bullish trend with the All-Share Index surpassing the 41,000 mark, as investors continued to position ahead of full-year results and dividend declaration.
Debt Management Office (DMO)

Nigerian government borrows over N2 trillion from bond investors in 2020

Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020.
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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Equities shed N464 billion as profit taking halts bull run

The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance.

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“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Two ‘killed’, one injured as robbers attack bullion van in Ondo

Two persons were feared killed while one was injured as bank robbers attacked a bullion van at Bolorunduro area in Ondo East council area of Ondo state.
Governor Oluwarotimi Akeredolu of Ondo State has granted amnesty to 11 inmates serving various jail terms in correctional centres in the state to mark the beginning of 2021.

Ondo governor commiserates with Pastor Adeboye over son’s demise

Ondo State Governor Rotimi Akeredolu has commiserated with the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, over the death of his son, Pastor Dare Adeboye.
L-R: Katsina state Governor, Honourable Bello Masari. Kebbi’s state Governor, Senator Atiku Bagudu, Governor, Central Bank of Nigeria, Godwin Emefiele and President, Maize Farmers Association Bello Abubakar Annur (with Reflective jacket) at the Flag- off of the National Maize harvest and Loan Recovery and launching of 2020/2021 Dry Season Maize Farming in Katsina on Thursday, May 6, 2021

CBN governor vows to block maize importation

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand.
1. Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the State House, Abuja.

VP Osinbajo: Nigeria’s unity must not be compromised

Nigeria’s Vice President, Prof. Yemi Osinbanjo, on Thursday, insisted that the unity of the country should not be compromised in anyway.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

NNPC: We’ll commission rehabilitated PHC refinery in 2023

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has assured Nigerians that the Port Harcourt Refinery Complex (PHRC) will roar back to life on or before April 5, 2023 when repairs would have been completed.

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Manchester United legend Roy Keane says fans of the club have reached their “tipping point” over the Glazers’ ownership of the club.

Manchester United boss reveals Glazer apology as he reacts to fan protests

The Manchester United manager was reacting to Sunday’s protests which saw the Liverpool game postponed after fans gained access to the Old Trafford pitch.
25. Governor Rotimi Akeredolu, who spoke during the passing out ceremony of 192 pioneer members of the Ondo State Security Network Agency (Amotekun corps officers) on Tuesday in Akure

Amotekun evicts another 137 northerners from Ondo forest

No fewer than 137 northerners have again been evicted from the forest reserves in Ondo state by the state security outfit codenamed Amotekun.
Paul Pogba has been repeatedly linked with a move away from Manchester United but there is now talk of a new contract for the French midfielder The decision over Pogba’s future at Manchester United could have an impact on Leicester City as they are thinking about how to swap him for Nigeria’s Wilfred Ndidi.

Manchester United propose swap deal for Wilfred Ndidi to replace Paul Pogba

Paul Pogba has been repeatedly linked with a move away from Manchester United but there is now talk of a new contract for the French midfielder
President Buhari is currently presiding over the continuation of a security meeting at the Presidential Villa, Abuja.

President Buhari condemns killings in Anambra, Benue

President Muhammadu Buhari strongly condemns the killing of 11 people in Gwer West Local Government of Benue State and the reprisals on innocent people by mobs that blocked roads to unleash terror and violence.

NLC president: Nigerian workers are oppose to scrapping of local councils

The Organised Labour says Nigerian workers are opposed to any reform that seeks to scrap the local government system from the Constitution.