Business

The Nigerian equity market experienced bullish momentum, gaining N513 billion profit in three days due to Eid holidays and democracy. Market capitalization increased to N72,788 trillion from N72,275 trillion recorded in the previous week while the All-Share Index (ASI) appreciated 0.71% to close the week with 115,429.54 points from 114,616.75 points recorded the previous week. Running bullish is driven by …

The state government of Ondo states that the adulteration of cocoa beans compromises its quality, causes the loss of premium value and attracts discounts on the goods in the global market. The leader Odusanya, a permanent secretary of the Ministry of Agriculture and the Silviculture of Ondo, declared him on Saturday in Akure, facing journalists on the commitment of the …

Mr. Sesi Toku, a famous philanthropist, founder of the Ecas Football Club, Lagos and president of Amuwo Odofin All-Stars, was honored with a life for the life of the Badagry Divisional Football Association (BDFA). This recognition comes in the field of the association’s efforts to celebrate the key characters who have made a significant contribution to the development of football …

The United States could soon impose new travel restrictions on Nigeria and 35 other countries following a new directive considered by the administration of President Donald Trump. This development emerged during the weekend through a note from the United States Department of State, dated Saturday 14 June and signed by the Secretary of State Marco Rubio. The document, which was …

By Victor Osula, Abuja The state Caucus of the rivers in the national assembly criticized the position of the legislator that represents Bayelsa West, Seriake Dickson, which the state is under military domain. Dickson, on Thursday, in reaction to the national speech of President Bola Tinubu on the day of democracy, expressed regret for the inability of the president to …

Signs of the medium -term Senate gives priority to electoral reforms before 2027 …. Instruce 983 invoices, 108 passes in laws … highlights the revision of the Constitution as another priority Abuja (basic reporter) The Senate eliminated its modest results on Friday to commemorate its medium -term anniversary, highlighting its priority in creating key reforms of the country’s electoral regime …

Private Company Promotion Center [CPPE] has warned that the ongoing tension between Israel and Iran can trigger an increase in energy costs, improve inflation, among many other risks. This warning is contained in a statement by Think-Tank Economics in a statement on Sunday, June 15, 2025. According to Dr. Young Yusuf, Director/Chief Executive Officer, CPPE, the outbreak of the war …

The central bank of Nigeria (CBN) has issued a new directive that instructs banks operating under regulatory tolerance to suspend the payments of dividends, defer bonuses for managers and stop investments in foreign branches or offshore initiatives. This temporary suspension, according to CBN, is part of a strategy to strengthen capital buffers, improve the resilience of the budget and guarantee …

Abraham Santosh, an inspiring, dynamic and creative entrepreneur, and the CEO of the Alzico Group (Atlas), is radiant with joy following his decoration with a prize for the life of the Badagry Divisional Football Association (BDFA). He was also appointed one of the Association’s ambassadors. This prestigious prize will be officially awarded to him to the finals of the Bdfa-Rak …

Dangote Petroleum Refinery has launched a plan to start the National Distribution of Premium Motor Spirit (PMS) and Diesel starting August 1525 – a step described as a strategic reshuffle of the Nigerian fuel distribution system. In a statement released on Sunday, the company announced that they would use 4,000 tankers supported by new natural gas (CNG) to serve gasoline …