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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.
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 extends gain, index rises further by 0.11 percent

Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

2021: Banks to walk a tightrope amid low revenue environment

Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Central bank asked to obey court order on N37.4 billion promissory notes

The Patriots for the Advancement Of Peace and Social Development (PAPS) has called on the Central Bank of Nigeria (CBN) to obey the orders of a Federal High Court, Abuja, restraining it from going ahead to process the N14.9billion promissory notes belonging to Zamfara State in favour of the United Bank for Africa (UBA).
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’s stock market closes for Christmas with N2 billion loss

Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.
Many banks in different parts of Port Harcourt, the capital of Rivers State, were unable to meet cash demands of customers on Monday as residents trooped out in their numbers to withdraw money ahead of the Christmas and New Year festivities.

Banks overwhelmed as Port Harcourt residents troop out for yuletide withdrawals

Many banks in different parts of Port Harcourt, the capital of Rivers State, were unable to meet cash demands of customers on Monday as residents trooped out in their numbers to withdraw money ahead of the Christmas and New Year festivities.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE market indices drop further 0.09%

The Nigerian Stock Exchange (NSE) market indicators on Tuesday dropped further by 0.09 per cent on sustained profit taking embarked on by some investors.
Group Managing Director-Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, was on Sunday night presented with The Zik Prize for Professional Leadership.

UBA chief Kennedy Uzoka bags Zik Leadership Award

Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, was on Sunday night presented with The Zik Prize for Professional Leadership. g
UBA - United Bank for Africa

UBA clinches ‘Bank of the Year 2020’ award in six countries

In obvious recognition of its brand acceptance and its role in facilitating economic development across Africa, six subsidiaries of pan African financial institution, United Bank for Africa (UBA) Plc have been named ‘Bank of the Year 2020’ by the Banker Magazine, leading global finance news publication published by Financial Times of London.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market resumes December with N55 billion gain

The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks.
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.
Nigeria’s Private Sector led Coalition Against COVID-19, CACOVID, yesterday formally announced the flag-off of a nationwide distribution of multi-billion naira food palliative and other relief items to vulnerable Nigerians.

CACOVID to rebuild, equip damaged police stations with N100 billion

The Coalition Against COVID-19 (CACOVID) has disclosed plan to spend N100 billion for the renovation and purchase of rifles at police stations that were recently destroyed by hoodlums in the wake of the protest against police brutality.
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.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Zenith Bank, UBA post N963.4 billion gross earnings, N236 billion profit

Zenith Bank Plc and United Bank for Africa (UBA) Plc, pan-African financial institutions, have reported a combined gross earnings of N963.375 billion and profit after tax (PAT) of N236.132 billion for the nine months ended September 30, 2020 despite the challenging operating environment.
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.
UBA - United Bank for Africa

UBA grows gross earnings to N454.4 billion in Q3 2020

United Bank for Africa (UBA) has announced a 5.99 percent growth in gross earnings from N428.7 billion in September 2019 to N454.4 billion in 2020.
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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Bulls on rampage, NSE market indices up 6.23 percent

The bulls continued to dominate activities on the Nigerian Stock Exchange (NSE) with the All-Share Index rising above the set five per cent threshold to trigger circuit breaker.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market opens November with 0.17% loss

The Nigerian equities market resumed November trading with a loss of 0.17 per cent, halting the six-day bullish run on the back of profit taking.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market gains N571 billion in bullish trading

Trading reopened on the Nigerian Stock Exchange (NSE) on Friday after Eid-el-Maolud celebration still on an upward trend, growing by N571 billion.

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FILE PHOTO - A worker looks on as the second delivery of the Johnson & Johnson coronavirus disease (COVID-19) vaccine is offloaded at the O.R Tambo International Airport in Johannesburg, South Africa, February 27, 2021. Kim Ludbrook-Pool via REUTERS

South Africa signs J&J vaccine deal, eases restrictions

South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday.
Manchester United’s Norwegian manager Ole Gunnar Solskjaer (L) congratulates players on the pitch after the English Premier League football match between Chelsea and Manchester United at Stamford Bridge in London on February 28, 2021. – The game finished 0-0. (Photo by Ian Walton / POOL / AFP)

Manchester United rages at penalty talk as team draw another blank

Ole Gunnar Solskjaer believes Manchester United are being negatively influenced by opposition managers referring to their penalty record after being denied a spot-kick in a 0-0 draw at Chelsea on Sunday.
Gov. Bello Matawalle of Zamfara has said that construction work on the Gusau Airport project would commence this month.

Zamfara governor: Abducted schoolgirls will be released soon

Governor Bello Matawalle of Zamfara State has said that the abducted students of Government Science Secondary School, Jangebe, will be released very soon.

Primate Ayodele: President Buhari has broken Nigeria’s unity

The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has once again knocked the President of Nigeria, Muhammadu Buhari, over the unsecured state of the country.
NANS National President, Comrade Sunday Asefon

NANS asks Nigerian government to declare abductors of students terrorists

Following the gale of abductions of school children in the Northern part of the country, the National Association of Nigerian Student (NANS), has advised the federal government to list bandits perpetrating such horrendous crime as terrorists.

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The Minister of Information and Culture, Lai Mohammed, said in terms of business opportunities, employment and earnings, the entertainment industry is an unexplored keg of potentialities.

Minister: Nothing wrong in dialoguing with bandits

Bandits had stormed the Government Science College (GSC) Kagara, Rafi Local Government Area of Niger State, and kidnapped several students, members of staff, and some members of their families.
Liverpool are reportedly lining up Steven Gerrard as the club’s next manager, amid suggestions that current boss Jurgen Klopp will take the Germany job.

Liverpool line up Steven Gerrard as next manager due to ‘growing belief’ that Jurgen...

Liverpool are reportedly lining up Steven Gerrard as the club’s next manager, amid suggestions that current boss Jurgen Klopp will take the Germany job.
Speaker of the House of Representatives, Femi Gbajabiamila, yesterday said that the parliament passed 2021 in good time to ensure the country maintains the January to December budget cycle started last year.

Speaker Gbajabiamila: House of Reps to amend National Health Act

The House of Representatives said it is working on plans to amend the National Health Act towards making healthcare service affordable to Nigerians.
FILE PHOTO - Job seekers stand outside a construction site ahead of the release of the unemployement numbers by Statistics South Africa, in Eikenhof, south of Johannesburg, South Africa, June 23, 2020. REUTERS-Siphiwe Sibeko

South Africa’s unemployment rate jumps to new record high

South Africa’s unemployment rate jumped to a record high in the fourth quarter of last year, the statistics agency said on Tuesday, as the economy was further battered by the COVID-19 pandemic.
The Niger State Governor, Alhaji Abubakar Sani Bello, has challenged state and federal lawmakers on the need to partner with governments for youth empowerment.

Niger govt says it secured release of Kagara students

Niger government says it has secured the released of students of Government Science College, Kagara in Rafi local government areas of the state.