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Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report.
Immediate past Minister of Communication Adebayo Shittu on Thursday explained that Mobile Telecommunication Network (MTN) practically blackmailed the federal government into reducing the over $330 million controversial fine imposed on it by the National Communication Commission (NCC).
MTN Nigeria Communications on Friday recorded its first price loss on the Nigerian Stock Exchange after listing on May 16.
Some stakeholders in the capital market have faulted the listing of MTN Nigeria Communications Plc on the nation’s bourse in spite of unavailability of the mandatory 20 per cent free float.
MTN Nigeria Communications Plc for the second trading day appreciated by 10 per cent due to high demand for the equity on the Nigerian Stock Exchange (NSE).
The market capitalisation of equities listed on the Nigerian Stock Exchange rose by N1.90tn on Thursday after MTN Nigeria Communications Plc listed 20.35 billion shares on the Exchange.
Kano Concerned Citizens Initiative (KCCI), an umbrella of some eminent elders in the state has urged the parties in the Kano Emirate crisis to respect the orders of the court.
The Toronto Raptors sealed their maiden NBA championship with a 114-110 Game 6 victory to claim a 4-2 series triumph over the Golden State Warriors.
The management of the University of Ibadan has declared the cut-off mark for the premier institution remains 200 as against 160 agreed on by the Joint Admissions Matriculation Board (JAMB) and stakeholders of higher institutions.
With the Super Eagles preparing for the 2019 Africa Cup of Nations set to kick off in a few weeks, captain of the team, John Mikel Obi has expressed his disappointment at ex-players that criticise the team.
An Australian man pleaded not guilty on Friday to 92 charges stemming from a massacre in two mosques in the New Zealand city of Christchurch three months ago and will stand trial in May next year.
When Governor Rotimi Akeredolu of Ondo State narrated how suspected kidnappers attacked his convoy on the Akure-Ibadan Expressway recently, it raised concerns of security in the region.
Libya’s internationally recognised government has declared the region of Ghat in the south-western part of the country a disaster zone due to severe floods, the official LANA news agency reported on Thursday.
A Chief Magistrates’ Court in Rivers State on Friday remanded a 31-year-old woman, Layaa Abel, in prison custody for allegedly trafficking a seven-year-old boy at Abgonchia community in Eleme Local Government Area of the state.
Governor David Umahi of Ebonyi State on Wednesday directed his former commissioners and other political appointees to return all government vehicles and properties in their custody.
The Central Bank of Nigeria signaled it will allow the naira to weaken past its official rate as it gradually unwinds its regime of multiple exchange rates, data on its website shows.
FC IfeanyiUbah will face Kano Pillars without their inspirational left back, Chidi Madu due to injury ahead of their must-win Nigeria Professional Football League (NPFL) Championship Play-off tie in Lagos on Saturday.