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

Nigerian stocks down by N1.14 trillion in first half

Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic.
Foreigners and Filipinos crowded Ninoy Aquino International Airport in Manila to try to get on a flight out of the country, where 217 cases of COVID-19 have been confirmed, with 17 deaths.

Coronavirus: Thousands rushing to get out of Philippines

Thousands of people rushed to the Philippines’ main international airport on Thursday in a bid to get out of the country amid a month-long lockdown on the main island designed to stop the spread of the new coronavirus.
The bill sponsored by Chairman, House Committee on Media and Public Affairs, Hon. Benjamin Kalu, provides that all dividends by any shareholder after 24 months of declaration by a public company and venture capital meant for investment is usually high risk or new business that also has high potentials shall be categorised as unclaimed dividends.

House of Reps moves to establish unclaimed dividends trust fund

As part of efforts aimed at strengthening the capital market, the House of Representatives on resumption from the Christmas and New Year recess is expected to commence debate on a bill which seeks to establish Unclaimed Dividends Trust Fund in the country.
Chilean President Sebastian Pinera has pledged no impunity for security forces that he said used excessive force and violated the rights of protesters during weeks of violent riots over economic policies and social injustice

Chile’s Sebastian Pinera vows action over security force abuses

Chilean President Sebastian Pinera has pledged "no impunity" for security forces that he said used excessive force and violated the rights of protesters during weeks of violent riots over economic policies and social injustice that have left more than 20 dead.

Saudis scramble to raise cash for Aramco share sale

From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details, according to AFP reports.

Aramco announces plans for giant stock market debut

Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy.

Why Julius berger is ‘preferred’ contractor for Nigerian projects – minister

Babatunde Fashola, minister of works and housing, has explained why Julius Berger is preferred above “indigenous companies” when entrusting infrastructural projects to companies in the country.
Nigerian Stock Exchange NSE

Nigerian Stock Exchange lists federal government N15 billion 7-year green bond

The Nigerian Stock Exchange (NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.

Court-ordered meeting forces Dangote Flour to postpone AGM

The management of Dangote Flour Mills on Friday announced the postponement of the company’s Annual General Meeting (AGM) for the year ended December 2018.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Ex-customs staff dragged to court over N176 million debt

A Federal High Court in Lagos has adjourned till 5th of November, 2019 for hearing of debt recovery suit of N176,586 487.86 instituted against former custom staff, Dr. Kamoru Bolaji Yusuff, by Asset Management of Nigeria, AMCON.
Nigerian Stock Exchange NSE

NSE delists Skye Bank, Fortis MfB

The Nigerian Stock Exchange has delisted the shares of defunct Skye Bank Plc and Fortis Microfinance Bank Plc from the daily official list of the Exchange.
Nigerian Stock Exchange NSE

NSE gains N1.9 trillion as MTN lists 20.35 billion shares

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.

Senate set to probe 100% foreign ownership of some multinational companies

The Committee on Local Content has concluded plans to investigate 100 per cent foreign ownership of some multinational companies registered in Nigeria.

Senate to probe ownership of some multinational companies

The Committee on Local Content has concluded plans to investigate 100 per cent foreign ownership of some multinational companies registered in Nigeria.
Juventus' Portuguese forward, Cristiano Ronaldo juggles with a ball as he warms up prior to the Italian Serie A football match AC Chievo vs Juventus at the Marcantonio-Bentegodi stadium in Verona on August 18, 2018. - AFP PHOTO - Alberto PIZZOLI

Cristiano Ronaldo set for Turin debut as Juventus break billion-euro mark on stock exchange

Cristiano Ronaldo plays his first competitive game in Turin on Saturday as it was revealed that his arrival at Juventus has pushed the Serie A champions over the billion-euro mark on the Italian stock exchange.

EFCC leads further evidences in N4.7 billion fraud trial of Senator Ladoja

A prosecution witness, Mr Abubakar Madaki, on Wednesday, told a Federal High Court Lagos, that series of investigations were conducted on fraud allegations against former Oyo State Governor, Rasheed Ladoja.

50 million Nigerians have no electricity – VP Yemi Osinbajo

Vice President Yemi Osinbajo on Monday said 50 million people out of the nation’s 180 million population have no access to electricity.

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Arsenal striker Alexandre Lacazette said he was flattered by rumoured interest from Barcelona as he added to mounting speculation a transfer away from Emirates Stadium could be in the offing.

At least three European giants interested in signing Arsenal ace

Alexandre Lacazette’s future at Arsenal remains unclear, with the Frenchman possibly set to leave the club in the summer.

Don identifies renewable energy as panacea to curb incessant collapse of national grid

A don, Dr Ovat Oyama, says increased investment in renewable energy will be the panacea to curbing the epileptic power supply caused by incessant collapse of the national grid.
The Federal Road Safety Corps (FRSC) in Niger says 12 people have died in an accident on Sunday at Sawmill village along Mokwa -Makera road in Mokwa Local Government Area of the state.

FRSC alerts motorists on imminent diversion on Lagos 3rd mainland bridge

The Corps Marshal, Federal Road Safety Commission (FRSC), Dr Boboye Oyeyemi, says diversion and safety precaution are imminent, owing to the emergency rehabilitation on the third mainland bridge in Lagos.
Ibrahim Magu . EFCC

Former Ekiti governor wants Ibrahim Magu placed on watch list so he won’t flee

Former Ekiti State Governor, Ayodele Fayose, has asked security agencies in the country to place suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on watch list.
The Nigerian Defence Academy (NDA) says it has postponed the screening test for its 72 Regular Course schedule to hold on May 30, adding that a new date will be communicated.

NDA reaffirms commitment to turn out best officers

The Nigerian Defence Academy (NDA), Comandant Maj.-Gen. Jamil Sarham, reaffirmed the academy’s commitment to turn out the best officers for the Nigerian Armed Forces.