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Nigerian Stock Exchange NSE

NSE market capitalisation increases by N25 billlion

Trading closed positively on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation improving by N25 billion.
President Ramaphosa has prioritised land redistribution as he seeks to win public support ahead of election next year [Themba Hadebe-AP]

Xenophobia: President Buhari’s envoy meets South Africa’s Cyril Ramaphosa today

President Muhammadu Buhari’s special envoy, the Director-General of the National Intelligence Agency, Ambassador Ahmed Abubakar, has arrived in Johannesburg and is expected to meet President Cyril Ramaphosa of South Africa.
Mr Danielson Akpan, NANS’ National President, made the disclosure in Abuja on Friday.

Nigerian students ask South African nationals to leave Nigeria before Monday

The National Association of Nigerian Students (NANS) on Wednesday declared war on South African nationals and their businesses in Nigeria, warning them to leave the country on or before Monday next week to avert grave penalty.

JAMB: Stanbic IBTC to give top 30 UTME candidates N15m scholarships

The Joint Admission and Matriculation Board (JAMB) has announced that Stanbic IBTC will reward the top 30 candidates in the last Unified Tertiary Matriculation Examination (UTME) will be giving scholarship worth N15m.
Nigerian Stock Exchange NSE

Pressure on equities as investors lose N200 billion

Sustained sell-offs in highly capitalised stocks trading on the floor of the Nigerian Stock Exchange (NSE) was the theme this week as investors lost a total of N200 billion Week-on-Week.

Xenophobic attacks: Committee’s advice to Nigerian students

The Committee of Youth on Mobilisation and Sensitisation (CYMS) on Tuesday appealed to youths and students’ organisations in Nigeria to refrain from further planned picketing of South African businesses in Nigeria over xenophobic attacks.

Man jailed for diverting N13 million pension fund in Enugu

Justice K. I. Okpe of the Enugu State High Court has sentenced one Akpudili Anayo to six years in prison for the diversion of N13m meant for the payment of pension and salaries in the state.
Nigerian Stock Exchange NSE

NSE maintains positive posture on low price attraction, quarter end activities

Trading activities on the Nigerian Stock Exchange (NSE) closed northward on Friday, amid quarter end window dressing and low price attraction.
Nigerian Stock Exchange NSE

Trading reverses negative mood, indices up 0.29 per cent

The Nigerian Stock Exchange (NSE) on Friday recorded growth with the market capitalisation increasing by N37 billion to change the bearish posture it maintained in the last four days.

Woman charged with hacking bank account, stealing N16 million

An Odogbolu, Ogun State-based businesswoman, Wuraola Folashade Oluloye, accused of hacking a First Bank Plc account and stealing a customer’s N16.2million, was on Tuesday brought before an Igbosere Magistrates’ Court, Lagos.

NIRSAL secures fresh N4.5 billion from three banks for farmers

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
Aliko Dangote

Aliko Dangote: Why Nigeria’s economy cannot grow

The President of the Dangote Group, Aliko Dangote, says the availability of consumer credit facility is an important option in fighting corruption in the country.

Bank customers decry poor ATM services during Sallah

Bank customers in the Federal Capital Territory (FCT), on Tuesday decried poor network and insufficient funds in most Automated Teller Machines (ATMs).
Nigerian Stock Exchange NSE

Profit taking: NSE market indices decline by 0.17 percent

The crucial market indices of the Nigerian Stock Exchange (NSE) dropped by 0.17 per cent on Thursday after the work-free day to mark the May 29 inauguration date.

MTN Nigeria records first loss after listing, amid profit taking

MTN Nigeria Communications on Friday recorded its first price loss on the Nigerian Stock Exchange after listing on May 16.
Minister of State for Mines and Steel Development, Abubakar Bwari

Abubakar Bwari: Mining sector to collaborate with financial partners to revamp sector

Alhaji Abubakar Bwari, the Minister of State, Mines and Steel Development, said that the government would continue to collaborate with International financial partners to revamp the sector.
Nigerian Stock Exchange NSE

Trading maintains bearish trend on stock exchange, down by 0.74 per cent

The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Man convicted over N13 million pension fraud

The Economic and Financial Crimes Commission, EFCC, Enugu Zonal office, today April 8, 2019, secured the conviction of a pension fraudster, Akpudili Christian Anayo before Justice K.I Okpe of the state High, court Enugu, sitting in Enugu State.

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Director-General, National Information Technology Development Agency (NITDA), Dr. Isah Pantami

FEC approves name change for Ministry of Communications

The Federal Executive Council on Wednesday approved the renaming of the Federal Ministry of Communications as Federal Ministry of Communications and Digital Economy.
The Minister of Youth and Sports Development, Sunday Dare, Wednesday approved funds to repay IAAF, for the excess fund the World Athletics body mistakenly transferred to Nigeria.

Sports minister approves fund to refund IAAF overpayments

The Minister of Youth and Sports Development, Sunday Dare, Wednesday approved funds to repay IAAF, for the excess fund the World Athletics body mistakenly transferred to Nigeria.
The China Civil Engineering and Construction Company, contractors handling the ongoing Lagos-Ibadan standard gauge rail line, says it has made appreciable progress in Lagos section in spite of impediments.

Lagos-Ibadan rail: We’re overcoming impediments in Lagos section – CCECC

The China Civil Engineering and Construction Company, contractors handling the ongoing Lagos-Ibadan standard gauge rail line, says it has made appreciable progress in Lagos section in spite of impediments.

Police declare four cultists wanted in Lagos

This followed confessional statement of seven Eiye confraternity members who were recently charged to court after men of the Special Anti Robbery Squad, Iju base rounded them up.
Canadian prime minister Justin Trudeau has admitted to wearing brownface makeup during a 2001 event at a school where he was teaching, saying it is something he “regret[s] deeply”.

Prime Minister Justin Trudeau rules out coalition as he forms new Canadian government

Canadian Prime Minister Justin Trudeau on Wednesday ruled out forming a coalition government despite an election victory that left his Liberals short of a majority.