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

NSE: Investors lose N118 billion on renewed profit taking

Investors on the Nigerian equities market yesterday lost N118 billion as the market reversed its previous session gains on renewed profit-taking.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE closes week in red, down by 1.40%

The market indices of the Nigerian Stock Exchange (NSE) closed in red on Friday, dropping by 1.40 per cent due to Dangote Cement price drop.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE’s capitalisation drops further by N112bn on profit taking

The local bourse sustained its negative run on Thursday recording the fourth consecutive loss, following profit taking in Dangote Cement, Zenith Bank and United Bank for Africa stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Profit taking: NSE market indices drop further by 0.10 percent

Nigeria’s bourse on Wednesday sustained its bearish performance for the third consecutive trading day, with the market indicators dropping further by 0.10 per cent.
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.
FILE PHOTO - Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS-Jessica Lutz-File Photo

Nigeria’s oil capacity to rise by 3,500 bpd

Nigeria’s oil production capacity is set to increase by additional 3,500 barrels per day, bpd, following the expected coming on stream of Ata Field in the Second Quarter (April-June) of 2021.
Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.

TNOG acquires 45% of OML 17 from Shell, Total, ENI

Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.
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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock exchange resumes 2021 with N459 billion growth

The Nigerian Stock Exchange (NSE) resumed trading in 2021 on a bullish trend with the All-Share Index surpassing the 41,000 mark, as investors continued to position ahead of full-year results and dividend declaration.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market advances by N214 billion

Nigeria extended bullish posture on Wednesday with the market capitalisation increasing further by N214 billion on sustained bargain hunting of blue chips.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market gains N334 billion on Dangote Cement share buyback

The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Profit taking persist on NSE, market capitalisation loses N232 billion

Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE closes last trading day in November with 0.45% growth

The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE sustains positive momentum with 0.10% growth

The Nigerian Stock Exchange (NSE) on Thursday sustained positive momentum with a growth of 0.10 per cent.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE opens week with 0.04 percent loss

The domestic equities market on Monday extended its losing streak with the All-Share Index dropping by 0.04 per cent, as the country officially entered recession.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market loses N265 billion on banks’ unimpressive Q3 results

The Nigerian Stock Exchange market indicators on Friday dropped further by 1.46 per cent due to unimpressive third quarter results released by some banks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nestle, Dangote top losers as Nigerian stocks lose N279 billion

Nigerian Stock Exchange closed southward on Tuesday for the second consecutive day, with market capitalisation shedding N279 billion.

Nigerian government hands over Afam Power Plant to Transcorp Consortium

In a bid to accelerate reforms in the power sector, the Federal Government Thursday singed sale and purchase agreement for the Afam Power Plant with one of Nigeria’s leading corporations, Transcorp, in Abuja.

Tony Elumelu named in 2020 TIME100

TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.

Transcorp to disengage 40 percent of workforce

At least 40 per cent of the staff of Transcorp Hilton Hotels will have to be disengaged if it is to survive the impact of the coronavirus pandemic on the global hospitality and tourism industry, its managing director/chief executive, Dupe Olusola, announced on Thursday.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Equities market advances by N37 billion

The Nigerian Stock Exchange (NSE) market capitalisation on Friday improved further by N37 billion following price growth in some blue chips.
Prime Minister Boris Johnson discussed telecoms security with US President Donald Trump as he prepares to announce if Britain will use China’s Huawei in its 5G networks, officials said Saturday.

US estimates £1.4 billion bill to remove Huawei, ZTE gear

US rural telecommunications companies that rely on federal subsidies would have to spend at least $1.837 billion ($1.4bn) to remove and replace equipment from Huawei and ZTE, the country’s telecoms regulator has estimated.

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Chelsea are making a frantic effort to replace Tammy Abraham with the Bundesliga and Borussia Dortmund striker, Erling Haaland.

Mino Raiola wants Erling Haaland to be 1st £1 millon-a-week player

Mino Raiola is determined to make Erling Haaland the first £1 million-a-week player.
Training nurse Sari Roos prepares a dose of Pfizer/BioNTech vaccine against coronavirus disease (COVID-19) to teach her air bubble technique in Laakso hospital in Helsinki, Finland March 11, 2021. Picture taken March 11, 2021. REUTERS/Essi Lehto

Israeli study: South African coronavirus variant may evade protection from Pfizer vaccine

The coronavirus variant discovered in South Africa may evade the protection provided by Pfizer/BioNTech’s COVID-19 vaccine to some extent, a real-world data study in Israel found, though its prevalence in the country is very low and the research has not been peer reviewed.
The five governors of the Southeast region, on Sunday, launched Ebubeagu regional security to fight terrorism in the zone. The governors in attendance were, Governor of Abia State, Okezuo Ikpeazu, Anambra, Willie Obiano, Enugu, Ifeanyi Ugwuanyi, Ebonyi, Dave Umahi and the host governor, Hope Uzodinma.

Southeast governors lunches regional security outfit

The five governors of the Southeast region, on Sunday launched Ebubeagu regional security to fight terrorism in the zone.
The UN National Programme Manager, Patience Ekeoba, lamented that the country’s security is weak in handling gender-based matter.

UN expresses worry over violence against women in Nigeria

The UN National Programme Manager, Patience Ekeoba, lamented that the country’s security is weak in handling gender-based matter.

Five killed in Ondo auto crash, robbery attack

No fewer than five lost their lives in Ondo State on Sunday in two separate incidents of a robbery attack and a road accident.

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The Lagos government has released a travel advisory for motorists and commuters ahead of this Saturday’s 6th Access Bank Lagos City Marathon.

Marathon: Lagos issues travel advisory

The Lagos government has released a travel advisory for motorists and commuters ahead of this Saturday’s 6th Access Bank Lagos City Marathon.
The umbrella body of pilots and aircraft engineers in the country, the National Association of Aircraft Pilots and Engineers (NAAPE) has commended the professional regulatory safety oversight function performed by NCAA on Azman Air operations.

Azman Air apologises to NCAA chief over false accusations

After series of accusations and counter-accusations generated by the suspension of Azman from flight operations by the Nigerian Civil Aviation Authority, (NCAA) over violation of safety rules, the management of the airline has finally apologised to the regulatory agency for the rash actions it took over the suspension.

NUJ to partner British Council on training of journalists

The Federal Capital Territory Council of the Nigeria Union of Journalists (NUJ) is to collaborate with the British Council Media Hub (BCMH) on the training of journalists especially in the area of Presentation and Scrip Writing.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this in a statement in Abuja.

Presidency: Nigeria, AfDB setting up $500 million fund for tech, creative sectors

In a move to spur the entertainment, creative, and technology sectors in the country, the Buhari administration has commenced a process that will provide the sectors with about N240 billion in financing and investment set to take off by the end of the year.
Commissioner of Police (CP) in Lagos State, Hakeem Odumosu has urged residents not to panic over reported plans by criminals to unleash violent attacks during this festive period.

Police deploy officers for Lagos marathon

The Commissioner of Police, Lagos State, CP Hakeem Odumosu, has ordered the deployment of adequate police operatives across the state during the annual Lagos/Access marathon scheduled to hold on April 10.