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NAICOM releases guidelines of minimum paid-up share capital for insurance companies

The National Insurance Commission (NAICOM) on Tuesday released guidelines for the payment of Minimum Paid-up Share Capital by insurance and re-insurance companies in compliance with the first phase recapitalistion directive deadline of Dec. 31.
Shares in French football club Olympique Lyonnais (OL) surged on Monday following Lyon’s surprise victory over Manchester City in the UEFA Champions League to reach the semi-final stages of the tournament.

Lyon shares surge on stock market after Champions League win over Manchester City

Shares in French football club Olympique Lyonnais (OL) surged on Monday following Lyon’s surprise victory over Manchester City in the UEFA Champions League to reach the semi-final stages of the tournament.
Kwara State Governor Abdulraham Abdulrazaq

Governor AbdulRazaq sets up commission of inquiry on Kwara assets

Gov. AbdulRahman AbdulRazaq of Kwara has set up a 6-man commission of inquiry to investigate the sale and unlawful acquisition of government properties between May 29, 1999 and May 29, 2019.
Shoppers leave the Shoprite store in Daveyton, South Africa May 23, 2018. REUTERS-Siphiwe Sibeko

Shoprite shares rise on higher sales, Nigeria divestment plan

Shares in South Africa’s Shoprite Holdings shot up over 11% on Monday after it reported higher total sales and said it was considering the sale of all of, or a majority stake in, its Nigerian subsidiary.
The German Government and Lufthansa have agreed on a much-anticipated bailout deal to help the airline cope with losses from the coronavirus pandemic, both sides announced on Monday.

Lufthansa shares slide further as concerns grow over bailout

Shares in German flagship airline Lufthansa on Monday fell by almost nine per cent in opening trading as plans to save the ailing company from insolvency were questionable by investors critical of a government bailout.
Scandal-hit Wirecard lost 72 per cent in market valuate over the past week.

European shares fall as fears of new virus wave grip investors

European shares fell on Monday as signs of resurgence in coronavirus cases in Germany and elsewhere unnerved investors who were hoping for a swift economic recovery from the crisis.
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.
Netflix will roll out new parental control features globally in the coming months. Ryan Anson-AFP-Getty Images

Netflix gains 15.8 million subscribers in three months

The world’s largest streaming service gained 15.8 million paying customers from January through March, bringing its global total to 182.9 million. Netflix had predicted it would add 7 million during the period.
Market shares were on the upswing in Asia on Thursday as investors once again expressed hope that the coronavirus pandemic is nearing its peak.

Asian markets back on upswing Thursday

Market shares were on the upswing in Asia on Thursday as investors once again expressed hope that the coronavirus pandemic is nearing its peak.
FILE PHOTO- The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 9, 2020. REUTERS-Staff-File Photo

Stocks rise on China trade data, easing pandemic fears

World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak.
Cristiano Ronaldo walks past Maurizio Sarri and straight down the tunnel. Massimo Pinca-Reuters

Juventus cut Cristiano Ronaldo, Maurizio Sarri, others’ salaries

Shares in Italian football giants Juventus surged Monday after the club’s decision to cut their players’ salaries in the midst of the coronavirus pandemic.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC unveils regulatory framework for crowdfunding

In a bid to further deepen the nation’s capital market and enable it provide development capital for medium and small-scale enterprises of the economy, the Securities and Exchange Commission (SEC), at the weekend unveiled an exposure draft of its regulatory framework for crowd funding in the country.

South Africa’s Capitec moves to calm nervous investors with profit forecast

Capitec sought to calm investors on Thursday after its shares sustained heavier losses than other banks in South Africa, forecasting a full-year profit rise of up to 21%.
Ignace Sossou quoted on his Facebook and Twitter pages comments made by Benin’s public prosecutor Mario Metonou at a media event to discuss fake news on December 17.

Facebook’s stock hits record high, signaling recovery after extended historic slump

Shares of Facebook, which have been doggedly crawling their way back from a historic slump after lapses in users’ privacy sparked fears of lower profits, on Friday struck an intra-day record high for the first time in over a year.
Pedestrians walk past an electronics stock indicator at the window of a security company displaying the current rate of Tokyo Stock Exchange in Tokyo on November 13, 2018. - Tokyo stocks dived more than three percent shortly after the open on November 13, with investors discouraged by a plunge in US shares on fears over demand in the tech sector. (Photo by Toshifumi KITAMURA / AFP)

Asian shares stumble, oil, gold up

Asian shares slipped on Friday, erasing early gains, while gold shone and oil prices spiked after U.S. airstrikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.

Saudi capital market gives green light for Aramco’s record initial public offering

Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.
(FILES) In this file photo taken on September 4, 2019 shows the logo of the US social networking website Twitter, displayed on a smart-phone screen, in Lille, northern France. – Several features on Twitter were down on October 2, 2019, the platform said, with users from Japan to the USA reporting they were unable to log in, use the mobile app or see direct messages.”We’ve been experiencing outages across Twitter and TweetDeck,” the social media giant said in a statement, without giving a reason for the disruption. “You might have had trouble Tweeting, getting notifications, or viewing DMs. We’re currently working on a fix, and should be back to normal soon.” (Photo by Denis Charlet / AFP)

Twitter slides on disappointing growth report

Twitter shares skidded Thursday as a quarterly update showed weaker-than-expected growth for the messaging platform.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

China joins Asian shares in cautious advance ahead of trade talks

Asian shares inched up on Tuesday, with Chinese shares making decent gains after a week-long holiday, though investors remained cautious over U.S.-China trade talks after President Donald Trump said a quick deal was unlikely.

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Governor Nasir El-Rufai has appointed new members of the management team and boards of some agencies, as part of continuous efforts to strengthen Kaduna State Government structures.

Kaduna to revive guidance, counselling unit in public schools

The Kaduna State Government said on Friday that it would revive guidance and counselling unit in public Secondary Schools in the state.
Akwa Ibom State Commissioner for Information and Strategy, Comrade Ini Ememobong, gave the charge Friday while playing host to the Executive members of the State branch of FIDA, during a courtesy call on him in the Conference room of the Ministry.

Akwa Ibom announces dates for resumption of schools

Akwa Ibom State Government has fixed September 21 2020 for the commencement of processes for the resumption of academic activities in the state-owned university, college of education and public primary schools.
Babagana Zulum, governor of Borno state, says he is critical of the Nigerian army so that they can improve in their fight against insurgency.

Governor Zulum: Boko Haram now recruits children in Borno

Governor Babagana Zulum of Borno State says Boko Haram insurgents have started recruiting children in the state due to the increase in unemployment.

Edo election: PDP Reps condemn ‘siege’ on opposition governors

The Peoples Democratic Party (PDP) caucus in the House of Representatives has condemned alleged siege on opposition governors by security agents in Benin City, the Edo State capital, ahead of Saturday’s gubernatorial election in the state.
Serge Gnabry hit a hat-trick as holders Bayern Munich romped to an historic 8-0 rout of Schalke on Friday in the opening game of the 2020-21 Bundesliga season behind closed doors.

Bayern thrash Schalke 8-0 in Bundesliga opener

Serge Gnabry hit a hat-trick as holders Bayern Munich romped to an historic 8-0 rout of Schalke on Friday in the opening game of the 2020/21 Bundesliga season behind closed doors.