#featured Archives - Page 10 of 162

NGX: Equity markets recover as investors gain N72 billion

Investors in the Nigerian equity market earned N72 billion at the close of trading on Thursday. This follows a surge in the prices of shares such as Intenegins, ABC Transport and Unilever, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 249,175.39 points from 249,062.37 points on the previous trading day. After five hours …

Oloyede out as JAMB registrar, as Tinubu appoints 40-year-old Prof Aina to take over

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President Bola Tinubu has appointed Professor Segun Aina as the new registrar of the Joint Admissions and Matriculation Board (JAMB). He replaces Professor Ishaq Oloyede whose two-term term will end on July 31, 2026. Professor Aina, who will be 40 years old in July, is a systems expert with extensive experience in national examination systems, digital infrastructure and public sector …

ANALYSIS: Nigeria’s economy may not survive on invisible budgets, manufactured statistics

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Nigerians should gear up to start seeking accountability from those in power because the country is gradually entering one of the most dangerous phases in its economic history, not merely because inflation is high, unemployment is worsening, or public debt is rising, but because the institutions responsible for telling them the truth about the economy are either failing, compromised, silent …

Fubara withdrew from the Rivers APC governorship race

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Rivers State Governor, Siminalayi Fubara, on Wednesday evening announced his withdrawal from the All Progressives Congress (APC) gubernatorial primary in the state. Fubara in a personally signed statement said he would continue to support whoever emerges as his party’s candidate. According to him, his decision was taken after extensive consultation with his family, friends and political colleagues. “After deep reflection …

NGX: Equity markets relapse as investors lose N1.6tr

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Investors in the Nigerian equity market lost N1.6 trillion at the close of trading on Wednesday, and are in for another round of losses. This follows the fall in the prices of shares such as Bua Cement, Cap and E-Tranzact on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 249,062.37 points from 251,635.42 points on the previous …

CBN MPC keeps interest rate at 26.5%

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday decided to maintain the Monetary Policy Interest Rate (MPR) at 26.5%. This is part of the decision taken at the 305th MPC meeting which was attended by 11 members. The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, who announced the decision at the …

Former Governor Lamido advises Jonathan against contesting ‘dismal’ 2027 presidential election

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Former Jigawa State governor and founding member of the Peoples Democratic Party (PDP), Sule Lamido, has warned former President Goodluck Jonathan against interfering in his 2027 presidential bid. The former governor in a post on his Facebook page on Wednesday said that Jonathan was in the “global alumni ranking of world leaders”, and that it would be unfair and inappropriate …

The UN is concerned about terror attacks on schools in Nigeria

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The UN says it is concerned about the recurrence of terrorist attacks on schools in Nigeria. UN Spokesperson Stéphane Dujarric stated this in response to a News Agency of Nigeria (NAN) Correspondent over the recent coordinated attacks on several schools in the country. Armed groups attacked schools in Oyo State at the weekend where dozens of schoolchildren and their teachers …