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Investors in the Nigerian equity market lost N107 billion at the close of trading on Wednesday. This follows the fall in the prices of shares such as Presco, UACN, and Morison, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 125,857.53 points from 196,066.11 points recorded on the previous trading day. After five hours of …

After five hours of trading on the capital market, equity capitalization rose to N125.8 trillion from N126.5 trillion recorded by the exchange on Monday. Premier Paints, Sunu Assurance and Conoil led the gainers chart, with share price growth of 9.97%, 9.95% and 9.95% respectively, closing at N17.65, N4.75 and N204.40 per share, up from N16.05, N4.32 and N185.90 per share. …

President Bola Tinubu has written to the Senate to screen and confirm Mr Taiwo Oyedele as Minister of State for Finance, replacing Dr Doris Uzoka-Anite. The president also urged the upper house to confirm Magnus Abe, a former senator representing Rivers South East district, as chairman of the Nigerian Upstream Petroleum Regulatory Commission following the resignation of Gbenga Komolafe. Tinubu …

Islamic scholar, Sheikh Gumi, has made damning allegations, claiming, that the Federal Government of Nigeria knows every terrorist by their name and location. The cleric made the allegations while speaking in a recent interview with DRTV, which started trending on Tuesday. He was reacting to the question of why he couldn’t help the government end terrorism and banditry, because he …

More details have emerged on why the Rivers State House of Assembly dropped four of the nine candidates sent to them by Governor Siminilayi Fubara for confirmation and appointment as commissioners in his cabinet. Members of the DPR revealed that they found irregularities in the submission of several candidates, so they could not confirm them for the positions they were …

Here are the top ten stories from across the country 1. A win for Wike, and others as the Court of Appeal stopped INEC from recognizing the PDP convention The Court of Appeal, Abuja, on Monday affirmed a lower court decision that barred the Independent National Electoral Commission (INEC) from recognizing the results of the national convention of the Peoples …

Here are the top ten stories from across the country 1. BWALA: Former Atiku aide urges training for presidential spokespersons Chairman of the Peoples Democratic Party (PDP) in Ogun State, Segun Showunmi, stressed the need to invest in strategic communications to build a better image of the state.Read more 2. SERAP takes the Nigerian government to the ECOWAS Court over …

For the third time in a week, Dangote Petroleum Refinery has increased the gantry price for selling Premium Motor Spirit to N1,175 per litre. The refinery announced the new prices to marketers on Monday, raising the gantry price of Premium Motor Spirit by N180 to N1,175 per liter from N995 per liter announced on Friday, representing an increase of about …

Zamfara State Governor, Dauda Lawal, has officially defected from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC), citing unresolved internal conflicts within the opposition party as the main reason for his decision. The development was confirmed in a statement issued from Government House in Gusau following a strategic meeting involving top government officials and political stakeholders …

The equity market opened the week well as investors gained N147 billion by the end of trading on Monday. This follows the soaring prices of shares such as Conoil, Legend Internet, and Omatek, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 197,196.97 points from 196,968.15 points on the previous trading day. After five …