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

NSE investors lose N222 billion in six hours

Activities opened on the Nigerian Stock Exchange (NSE) for the week on a bearish posture with the market capitalisation losing N222 billion in about six hours of trading.Activities opened on the Nigerian Stock Exchange (NSE) for the week on a bearish posture with the market capitalisation losing N222 billion in about six hours of trading.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigeria allocates N102 billion to health sector

Following the outbreak of the coronavirus pandemic, the Federal Government has provided N102.5 billion in resources as stimulus to be made available for direct interventions in the healthcare sector across the country.

Coronavirus: Nigeria private sector coalition contribution hits N19.4 billion

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised N19.4 billion to help fight COVID-19 pandemic.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian equities market posts 0.10 per cent growth

The Nigerian equities market closed Thursday trading on upward trend, appreciating by 0.10 per cent, amid Dangote Cement gain.
The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) and the Nigerian Shippers’ Council (NSC) have collaborated to pull banks back to Apapa port.

Coronavirus lockdown: Banks to provide ‘skeletal services’ at Apapa port

The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) and the Nigerian Shippers’ Council (NSC) have collaborated to pull banks back to Apapa port.

Central bank, private sector coalition muscle N15 billion against coronavirus

At least 37 donors from the private sector have donated over N15 billion to the Private Sector Coalition Against COVID-19 (CACOVID) account domiciled at the Central Bank of Nigeria (CBN).
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE resumes April trading with 0.94 per cent loss

Activities opened for the month of April on Wednesday still on a bearish trend, with a loss of 0.94 per cent.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Stock market nosedives 0.14% as investors lose N16 billion

The effect of coronavirus, COVID-19, on Tuesday continued to ravage the stock market as its nosedived by 0.14 percent or 14 bases points, bps with investors losing N16 billion of their investment.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria equities investors lose N2.6 trillion in March

Amidst the coronavirus pandemic and its attendant effect on the economy, negative sentiments were reflected on the local equities market as investors lose N2.56 trillion in the month of March.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE market capitalisation loses N277 billion

Nigerian equities market on Monday opened trading for the week with a loss of N277 billion, amidst weak sentiments in the wake of weaker oil prices and Coronavirus pandemic.
President Muhammadu Buhari on Sunday said the federal government will provide relief materials for residents of Lagos and Abuja whom he ordered to stay-at-home as part of measures to curb the spread of the coronavirus.

President Buhari commends Asiwaju Tinubu, Mike Adenuga, Emeka Offor, other ‘public-spirited’ donors

President Muhammadu Buhari has expressed his appreciation to the generosity of individuals and corporate organizations that have made donations to the efforts to curtail the spread of COVID-19 (coronavirus) in the country.
A former Vice President of the Nigerian Bar Association, Mr Onyekachi Monday Ubani, says President Muhammadu Buhari breached the constitution for failing to hand over to the Vice President while embarking on a two-week private visit to London.

Former NBA chief urges police to compensate traders whose wares were destroyed by erring...

Monday Ubani, immediate past Second Vice President of Nigeria Bar Association (NBA) has urged the Inspector General of Police (IGP) Adamu Muhammad to ensure that the police officers caught in a trending video destroying alcoholic beverages of a trader for flouting the order of the Lagos State government, in respect of COVID-19 pandemic, are not only arrested but the trader whose goods were destroyed should also be compensated.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE returns to negative posture, indices down by 0.05 per cent

Trading on the Nigerian equity market returned to negative territory on Wednesday with 0.05 per cent dip or losses in MTN Nigeria and six other stocks.G
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote rallies private sector operators against virus pandemic

Mr Aliko Dangote, President, Dangote Industries Ltd., and Mr Herbert Wigwe, Managing Director, Access Bank Group, are spearheading a coalition of private sector organisations to support governments’ ongoing efforts at tackling the coronavirus (COVID-19) menace.
The immediate past Head of the Civil Service of the Federation, Winifred Oyo-Ita, on Monday, pleaded not guilty to 18-count charge of N3 billion graft.

N3 billion fraud: Winifred Oyo-Ita, eight others arraigned, plead not guilty

The immediate past Head of the Civil Service of the Federation, Winifred Oyo-Ita, on Monday, pleaded not guilty to 18-count charge of N3 billion graft.
During a session with the club's media, Manchester United forward Odion Ighalo was surprised to receive a call from legend Andy Cole.

Odion Ighalo, Victor Osimhen, Asisat Oshoala nominated for Nigeria Pitch Awards

Manchester United striker Odion Ighalo and Lille’s Victor Osimhen are among the nominees for the Nigeria Pitch Awards.

Dansukigate: Witness tenders more evidence of how ex-NSA’s aide transferred millions to bank accounts

Prosecuting witness, Hassan Seidu, during the continuation of trial in-chief, in the ongoing trial of Nicholas Ashinze, former aide to ex-National Security Adviser, Sambo Dasuki, told Federal High Court, Abuja, presided by Justice Okon Abang, how the Commission was able to recover exhibit (i) 43 and (i) 44, containing alleged money transfers and lists of beneficiaries and their account numbers in the course of investigation.
Two giant corporate organisations, Dangote Cement Plc. and Zenith Bank Plc. on Wednesday visited the Governor of Lagos State, Babajide Sanwo-Olu, to commiserate with him and the state on the recent explosions that rocked Abule Ado-Soba area

Corporate giants storm Lagos governor’s office over Abule Ado disaster

Two giant corporate organisations, Dangote Cement Plc. and Zenith Bank Plc. on Wednesday visited the Governor of Lagos State, Babajide Sanwo-Olu, to commiserate with him and the state on the recent explosions that rocked Abule Ado-Soba area of the State.

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The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 7

Speaker Gbajabiamila: Chinese doctors must be quaratined

Speaker Femi Gbajabiamila on Monday insisted the Chinese doctors coming to help in the fight against COVID-19 must first be quarantined for 14 days and comply with all relevant laws in the country.
Gov. Andrew Cuomo said New York will postpone its April 28th presidential primary election until June 23rd, as the Empire State deals with the largest coronavirus outbreak in the US, the New York Times reports.

New York increases fine for violating social distancing guidelines to $1,000

New York Governor, Andrew Cuomo, on Monday said that fines for violating social distancing guidelines would be increased from $500 to $1,000.
The countries according to the Minister of Interior, Rauf Aregbesola, are China, Italy, Iran, South Korea, Spain, Japan, France, Germany, Norway, the United States of America, the United Kingdom, Netherlands and Switzerland.

Nigeria declares April 10, 13 as Easter holidays

The Federal Government has declared Friday, April 10 and Monday, April 13 as public holidays to mark the 2020 Easter Celebration.
Abdullahi Umar Ganduje

Kano coronavirus fund raising committee hits N400 million

The COVID-19 Fund Raising Committee constituted by governor Abdullahi Umar Ganduje of Kano state submitted its interim report on Monday, saying it had raised almost N400m.
The Embassy of Japan, in collaboration with a Non-Governmental Organisation (NGO), Street To School Initiative, has unveiled a newly renovated ultra-modern Primary Healthcare Centre (PHC) for residents of Surulere Community in Agbado-Oke-Odo, Lagos

Japan donates $236, 000 for humanitarian mine action in Northeast

The United Nations Mine Action Service (UNMAS) has received a donation of $236, 363 from the Government of Japan to support the UNMAS Nigeria in providing critical life-saving humanitarian assistance to civilians and humanitarian actors in the Northeast.