James

Investors make N165bn as equities market rebounds, appreciates by 0.43%

Investors in Nigeria’s capital market raked in N185 billion profit on Tuesday, December 5, 2023, as trading activities on the floor of the Nigerian Exchange Group closed positively as the All-Share Index gained 0.43% and increased to 71,250.17 from 70,946.83 recorded at the close of the previous trading day. Market capitalization increased today by N165.99 billion to N38.99 trillion from …

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EFCC proposes N76.59bn budget for 2024

The Economic and Financial Crimes Commission (EFCC) has proposed a budget estimate of N76.59bn for the 2024 financial year. The Chairman of the commission, Ola Olukoyede, while interfacing with the House of Representatives Committee on Financial Crimes on Tuesday, during budget defence, also disclosed that the anti-graft agency rolled over capital projects executed in 2023 from 2022. Olukoyede said: “The …

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Moffi, Onyeka, Simon score as Super Eagles beat Mozambique in friendly

Terem Moffi, Frank Onyeka and Moses Simon were on target for the Super Eagles of Nigeria as they seal a 3-2 win over Mozambique in a friendly game on Monday. The Eagles trailed after six minutes following a shock goal conceded with Francis Uzoho in goal. Uzoho, who had made a howler in the team’s previous friendly game against Saudi …

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Police arrests Inspector, NDLEA, NSCDC operatives for alleged extortion in Imo

Police operatives in Imo have arrested three officers of the National Drug Law Enforcement Agency (NDLEA) for alleged extortion in the state. The spokesman for the state police command, Henry Okoye, who confirmed the development to journalists on Tuesday in Owerri, said the operatives also arrested two officers of the Nigeria Security and Civil Defence Corps (NSCDC) and a 37-year-old …

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Osimhen reacts after winning player of the year award in Italy

Super Eagles and Napoli forward has been awarded the Italian footballers’ association player of the year The Nigeria international was presented with the award this week after he helped Napoli win their first league title in 33 years. “Thank you for the recognition and awards, thank you my family, friends and supporters for your votes and unending support,” Osimhen said …

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Tunisia’s Bako Motors launches urban mobility drive. 3 other stories and a trivia

This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Tunisia’s Bako Motors launches urban mobility drive Bako Motors, a trailblazing Tunisian-German solar car startup, has launched an urban mobility drive after making substantial strides in the road transportation sub-sector. Boubaker Siala, CEO of Bako Motors, made this known in a press release …

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Ex-Kogi deputy governor, Awoniyi joins APC after dumping PDP

A former Deputy Governor of Kogi State, Yomi Awoniyi, has joined the All Progressives Congress (APC) in the state. Awoniyi, who served as Kogi deputy governor during Idris Wada’s administration from 2011 – 2015, was officially received into the APC at the party’s National Secretariat on Tuesday in Abuja. He resigned from the Peoples Democratic Party (PDP) on September 7. …

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NGX: ETranzact, Regal Insurance, others drag down market cap by N300bn

Investors in the Nigerian capital market lost N300 billion at the close of trading on Tuesday. This followed the crash in the market capitalization by 0.79 percent from N36.83 trillion to N36.53 trillion at the close of business today. Similarly, the All-Share Index dipped by 535.98 basis points to close at 66,296.18, down from 66,760.2 posted by the bourse on …

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Sen Ndume says lawmakers unhappy with Akpabio over comments on ‘holiday token’

Ali Ndume, the Senate Chief Whip, has stated that the senators intend to take harsh measures against Godswill Akpabio, the Senate President, for accidentally divulging that a “holiday allowance” had been wired to the senators’ bank accounts. Prior to the Senate’s annual break, Akpabio had informed his colleagues that money had been delivered to them so they may “enjoy” their …

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