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

Trading rebounds on NSE, up N50 billion

Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks.

Alibaba’s shares surge as Jack Ma reappears

Shares in internet giant Alibaba soared more than eight per cent Wednesday after billionaire founder Jack Ma made his first public appearance since November, ending weeks of speculation about his whereabouts after the company took a kicking from Chinese regulators.
FILE PHOTO - Jack Ma, chairman of Alibaba Group arrives at the Tech for Good Summit in Paris, France May 15, 2019. REUTERS-Charles Platiau

Alibaba’s Jack Ma makes first public appearance in three months

Alibaba Group founder Jack Ma made his first appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from public life and sending shares in the e-commerce giant surging.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE compensates 49 investors with N17.02 million

According to him, the NSE engaged with the federal government to secure an ”essential service status” for the market as part of its Covid-19 response as well as engaged with the Federal Ministry of Finance, Budget and National Planning to achieve specific capital market incentives in the 2019 and 2020 Finance Acts.
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.
President Muhammadu Buhari presenting the 2021 budget to the National Assembly.

CSOs condemn Nigerian government’s proposed sale of public assets to fund 2021 budget

As Nigerian and Nigerians grapple with economic recession and second wave of COVID-19 pandemic, Civil Society Organisations, CSOs, Monday, disagreed and condemned the alleged move by the Federal Government to sell public assets to implement 2021 budget.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Nigerian stocks maintain bullish trend for fifth straight day

Equities on the Nigerian Stock Exchange generally posted their fifth consecutive daily gains on Thursday as leading stocks including Seplat, Dangote Cement and MTNN propelled the N325 billion upward drift.
Britain will ban arrivals from South American countries and Portugal because of concerns over a new Brazilian variant of the coronavirus, transport minister Grant Shapps said on Thursday.

UK bans arrivals from South America over Brazil coronavirus variant

Britain will ban arrivals from South American countries and Portugal because of concerns over a new Brazilian variant of the coronavirus, transport minister Grant Shapps said on Thursday.
Former GlaxoSmithKline pharmaceutical executive Moncef Slaoui, who will serve as chief adviser on the effort to find a vaccine for the coronavirus disease (COVID-19) pandemic, speaks as President Donald Trump listens during a coronavirus disease response event in the Rose Garden at the White House in Washington. Kevin Lamarque | Reuters

Operation Warp Speed chief resigns at Joe Biden team’s request

Operation Warp Speed chief advisor Dr. Moncef Slaoui has submitted his resignation at the request of the incoming Biden team under a plan that would see him stay in the role for a month to help with the transition, according to two people familiar with the situation.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE extends gain, index rises further by 0.11 percent

Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.
Nigeria’s biggest company by market capitalisation, Dangote Cement, has announced the completion of the first tranche of its share buyback programme.

Dangote Cement pays investors N9.7bn in first share buyback programme

Dangote Cement, Nigeria’s biggest company by market capitalisation, has announced the completion of the first tranche of its share buyback programme.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE opens week with 0.08 percent growth

Trading on the nation’s bourse resumed on Monday on a positive note, following investors’ interest in shares of Zenith Bank, International Breweries (IB) and Flourmill.
Twitter said Saturday that hackers “manipulated” some of its employees to access accounts in a high-profile attack, including those of Joe Biden and Elon Musk, and apologized profusely for the breach.

Twitter shares slump 8% after Donald Trump account suspension

Twitter’s German-listed shares slumped as much as 8 per cent on Monday, the first trading day after it permanently suspended U.S. President Donald Trump’s account late on Friday.
Nollywood actor and movie producer, Omogoriola Hassan, has been crowned king of Uba land, Imobi Kingdom in Ijebu East, Ogun State.

Nollywood actor Omogoriola Hassan crowned king of Uba land

Thrilled at being confirmed a monarch, Omogoriola revealed that the selection process involved Ifa priests and elders throwing kolanuts at Ifa to ascertain that he is the right candidate. Ifa responded in the affirmative that he is the right person for the Ọba’s office; The Olu of Uba Land, Imobi Kingdom.
Tunde Ayeni

Ex-Skye Bank chair Tunde Ayeni accuses Captain Okunbo of stealing, criminal diversion of millions...

A former chairman of the defunct Skye Bank (now Polaris Bank), Mr Tunde Ayeni, has dragged his business partner, Captain Hosa Okunbo, to the Economic and Financial Crimes Commission (EFCC) for alleged mismanagement, stealing and diversion of funds from their company – Ocean Marine Security Limited. In the petition written by his counsel, Mr Femi Fálànà (SAN), Ayeni gave a vivid account of how Okunbo tried to scheme him out of the company.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE suspends Thomas Wyatt Nigeria

The rule provides that “if an issuer fails to file the relevant accounts by the expiration of the cure period, the exchange will: send to the issuer a ‘second filing deficiency notification’ within two business days after the end of the cure period; suspend trading in the issuer’s securities; and notify the Securities and Exchange Commission (SEC) and the market within 24 hours of the suspension”.
FILE PHOTO - The U.S. Capitol dome is seen at night in Washington, U.S., December 17, 2020. REUTERS-Erin Scott-File Photo

US Democrat Senate wins push stocks higher despite Capitol chaos

Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say.
Supporters of U.S. President Donald Trump react to tear gas during a clash with police officers in front of the U.S. Capitol Building in Washington, U.S., January 6, 2021. REUTERS-Leah Millis

Guns and teargas in U.S. Capitol as Trump supporters attempt to overturn his loss

Police in the U.S. Capitol on Wednesday responded with drawn guns and tear gas on Wednesday as swarms of protesters stormed in and sought to force Congress to undo President Donald Trump’s election loss shortly after some of Trump’s fellow Republicans launched a last-ditch effort to throw out the results.

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A new variant of the coronavirus, which appears to be more transmissible, has been discovered in South Africa and is being blamed for a new surge in Covid-19 cases in the UK.

Twelve health workers test positive to coronavirus in Taraba

Twelve health workers comprising of three doctors and nine nurses have tested positive for COVID-19 at the Federal Medical Centre, Jalingo, the Taraba state capital.
The National Directorate of Employment (NDE) in Enugu State on Tuesday said it had trained no fewer than 510 unemployed graduates on different skills.

NDE chief: President Buhari determined to eradicate poverty

Director General of National Directorate of Employment, NDE, Mallam Abubakar Fikpo, has said the President Muhammadu Buhari’s led Federal Government was determined to eradicate poverty and unemployment in the country.
South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.

South Africa minister dies of coronavirus

South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.
General view of a cross session of lawyers in a court during a hearing of a blasphemy case in Kano, Nigeria January 21, 2021. REUTERS-Stringer

Nigerian appeals court throws out blasphemy convictions that caused outcry

The two had been convicted in August by a sharia court in Nigeria’s northern, mainly Muslim state of Kano. Teenager Omar Farouq was accused of making blasphemous comments during an argument, while Yahaya Aminu Sharif was accused of having shared a blasphemous message on WhatsApp.
FILE PHOTO - A man wearing a mask outside Guildhall in the city of London as the spread of the coronavirus disease (COVID-19) continues, London, Britain, April 14, 2020. REUTERS-John Sibley-File Photo

City of London to remove statues linked to slavery trade

The City of London on Thursday approved the removal from its ceremonial Guildhall home of statues of two figures that symbolise the financial sector’s historic role in slavery.