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

Equities market decline marginally by 0.01 per cent

Sentiments in the local bourse weakened leaving the All Share Index (ASI) of the Nigerian Stock Exchange (NSE) at 24,276.56 basis points on Thursday, having declined marginally by 0.01per cent.
UBA - United Bank for Africa

UBA Group appoints deputy managing directors

The United Bank for Africa Plc (UBA), a pan-African financial services group, on Tuesday announced the appointments of Mr Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE market capitalisation opens week with N162 billion loss

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market opens week with N119 billion loss

Nigerian equities market resumed trading on Monday with a loss of 0.91 per cent as a result of profit taking in some blue chips.

President Buhari appoints acting BOA chief

President Muhammadu Buhari has appointed Alwan Hassan as the new acting managing director for the Bank of Agriculture.

CACOVID strengthens Rivers, Enugu against coronavirus

The private sector Coalition Against COVID-19 (CACOVID) yesterday strengthened the fight against the scourge with the handover of fully equipped isolation centre in Port Harcourt, Rivers State and donation of beds & accessories in Enugu, Enugu State.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigerian government gives guidelines for spending coronavirus funds

Disbursements of the COVID-19 funds domiciled with the Central Bank of Nigeria (CBN) and commercial banks will be after appropriation by the National Assembly.
President of the Nigerian Senate, Ahmad Lawan, has described the late Buhari’s Chief of Staff, Mallam Abba Kyari, as an experienced lawyer and banker.

Aisha Abba Kyari: My daddy, my best friend

On 17th April, 2020, my world came crashing down and my heart shattered into a billion pieces. Upon receiving the news of my father’s passing, I immediately felt the most excruciating pain – a pain I would not wish on my worst enemy. My biggest fear in the world had materialised.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock indices grow by 0.30 per cent on first trading day in May

The Nigerian Stock Exchange (NSE) resumed trading for the month of May with an increase of 0.30 per cent just as the country eases lockdown.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank, bankers committee suspend planned lay-offs in banks

The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
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.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank levies $3.9 billion on banks to soak up liquidity, support Naira

Nigeria’s central bank has collected 1.4 trillion naira ($3.9 billion) from banks with excess cash holdings as part of measures to support the currency, banking sources told Reuters.
As the inks flow in tributes to Abba Kyari by those who loved and despised him, let us not forget that Abba was much misunderstood and often maligned.

Mamman Daura: How Abba Kyari almost became ex-President Obasanjo’s vice-president

A nephew and confidant of the President, Mamman Daura, has revealed that during the run-up to the 1999 Presidential election, Abba Kyari was among those considered for the position of running mate to Gen. Olusegun Obasanjo who was the Presidential candidate of the Peoples Democratic Party.
UBA - United Bank for Africa

UBA records double-digit earnings Q1 growth

The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive 8.5 percent year-on-year growth in profit before tax in the first three months of 2020, to N32.7 billion compared with N30.2 billion recorded in the first quarter of 2019.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market capitalisation loses N152 billion

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market indicators resume week with 0.01 per cent loss

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent.Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent.
Isu said the agency had earlier distributed food items meant for the 2019 flood victims, which was initially kept at its warehouse, following the approval of Gov. Douye Diri two weeks ago.

Coronavirus: Bayelsa yet to begin palliatives distribution

Bayelsa State Government is yet to commence the distribution of donations from corporate bodies and individuals, to cushion the effect of the stay-at-home directive imposed to check the spread of the coronavirus pandemic.
Lado Suleja, an All Progressives Congress member representing Guevara-Suleja-Tafa Federal Constituency of Niger State, stated this in a radio interview in his constituency.

Coronavirus: We were forced donate our salaries – Reps member

A member of the House of Representatives from Niger State has stated that he and many other colleagues were coerced into donating two months salaries to the fight against COVID-19.

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The United States of America ambassador to Nigeria, Mary Beth Leonard, has said the recent visa ban to Nigerians will be reviewed, if certain conditions are met.

US envoy inaugurates emergency health operation facility in Bayelsa

The US Ambassador to Nigeria, Mary Beth Leonard, has inaugurated a state-of-the-art public health Emergency Operation Centre (EOC) in Yenagoa, Bayelsa State.
The Vice-President’s daughter, Kiki Osinbajo, has denied owning a property worth N800m in highbrow Wuse 2 area of Abuja.

VP Osinbajo’s daughter denies owning N800 million property

“It may be difficult for people like him to understand that a young woman can work hard and succeed on her own steam. Anyone can verify the ownership of the property of Glamd Africa at AGIS in Abuja. I am a tenant in the property. My landlord’s name is Musa Adams.”
The Benue State House of Assembly has been shut indefinitely to allow members and staff to undergo COVID-19 screening and treatment.

Benue Assembly suspends plenary for members to undergo coronavirus tests

The Benue House of Assembly has suspended its plenary sessions to allow lawmakers and members of staff to subject themselves to COVID-19 screening.

Benue university pro-chancellor, other staffers test positive for coronavirus

The Pro-Chancellor and Chairman of Council, Benue State University, Makurdi, Prof. Zacharys Gundu has tested positive for COVID-19.
Pep Guardiola says Bernardo Silva is one of the most special footballers he has ever coached despite the midfielder's dip in form this season – something for which the Manchester City boss takes his share of responsibility.

Pep Guardiola: Bernardo Silva’s bad form may be my fault

Pep Guardiola says Bernardo Silva is one of the most special footballers he has ever coached despite the midfielder's dip in form this season – something for which the Manchester City boss takes his share of responsibility.